16068 E 8 Mile Rd - Medical FOR SALE


Detroit, MI 48205- Burbank
$280,000 USD
586-327-8033
16068 E 8 Mile Rd, Detroit, MI for Sale
$280,000 USD
Medical - FOR SALE
1/24
null | Request Cap Rate

16068 E 8 Mile Rd
Detroit, MI 48205
Burbank


HIGHLIGHTS

  • 1,048 SF Standalone Building
  • Monument Signage and 8 Mile frontage with heavy drive-by traffic
  • 3 fully-equipped operatories, reception, sterilization room and lab/storage area
  • Updated x-ray and clinical systems; utilities and power specifically sized for dental growth
  • Established 65+ years with a loyal, built-in patient recall base

OVERVIEW

Recent Price Improvement: Established 65-Year Legacy: This is a rare opportunity to acquire a staple of the Detroit community with a built-in patient recall base and approximately 65 years of neighborhood trust. Turnkey Clinical Environment: The 1,048 SF standalone facility is immaculately maintained and features three operatories, reception, sterilization, and lab/storage areas. Recent Capital Improvements: The practice is equipped with newer X-ray units and clinical systems, significantly reducing near-term CapEx for a new owner. Proven Revenue & Insurance Mix: The practice generates over $250k in annual collections with a broad insurance acceptance profile, including Medicaid and major PPO plans. Owner-User Advantage: Ideal for a solo practitioner or small group, this property offers standalone identity, monument signage, and private on-site parking on the high-traffic 8 Mile corridor. Strategic Growth Levers: Immediate upside can be realized through hygiene optimization, patient reactivation, and the introduction of specialty services like clear aligners or endodontics. Seamless Transition: To ensure the preservation of goodwill and staff retention, the seller is willing to provide a short handoff period for patient introductions and records transfer.

FOR SALE DETAILS

PRICE

$280,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

B-4

APN/PARCEL ID

21-027966

ASK ABOUT THIS PROPERTY

Brock BeanTDG CommercialMore Info
586-327-8033

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Brock BeanTDG CommercialMore Info
586-327-8033

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.