31535 Ford Rd - Freestanding FOR SALE


Garden City, MI 48135
$1,850,000 USD
248-701-9001
31535 Ford Rd, Garden City, MI for Sale
$1,850,000 USD
Freestanding - FOR SALE
1/9
null | 7.14% Cap Rate

31535 Ford Rd
Garden City, MI 48135


HIGHLIGHTS

  • 8,121 SF Medical Office Building
  • 100% Occupied on an NNN basis by Yaldo Eye Center and Crawford Bone & Joint
  • Built in 2014 of High-Quality Construction & Renovated in 2022
  • 20% of residents within a three-mile radius are age 65 or older, creating consistent demand for medical services
  • Strategically located less than 2.5 miles from Garden City Hospital
  • Immediate access to I-275, I-96, and Telegraph Rd

OVERVIEW

Garden City Medical Center is fully leased on a NNN basis to two established medical practices, Yaldo Eye Center and Crawford Bone & Joint, providing investors with predictable in-place income and limited landlord responsibilities. The property benefits from excellent visibility and exposure to approximately 25,375 vehicles per day, complemented by a prominent monument sign and approximately 50 surface parking spaces. Located just 2.3 miles from Garden City Hospital, the asset is well positioned within an established healthcare and commercial market. Built in 2014 and renovated in 2022, the property offers newer construction and a well-maintained physical asset with limited anticipated near-term capital requirements. Its combination of modern medical office space, established tenancy, visibility, parking, and proximity to a major hospital further strengthens its long-term investment appeal. The property generates approximately $132,006 in NOI, representing an attractive 7.14% capitalization rate. With full occupancy, NNN lease structures, established healthcare tenants, and a highly visible location within the Southern I-275 Corridor, 31535 Ford Road presents a compelling opportunity for investors seeking stabilized medical office income in the Metro Detroit market.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

7.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garden City Medical Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-2,

APN/PARCEL ID

35-020-01-0755-301

ASK ABOUT THIS PROPERTY

Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

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Daniel BlugermanP.A. Commercial, LLCMore Info
248-701-9001

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