3323 Biddle Ave - Medical FOR SALE


Wyandotte, MI 48192- Downtown Wyandotte
$3,750,000 USD
734-846-8045
3323 Biddle Ave, Wyandotte, MI for Sale
$3,750,000 USD
Medical - FOR SALE
1/10
null | 7.49% Cap Rate

3323 Biddle Ave
Wyandotte, MI 48192
Downtown Wyandotte


OVERVIEW

The Main Downtown Business District of Wyandotte  The buildings have been well maintained throughout the years. The buildings were built with quality construction. The subject buildings are in a area of a downtown business district, better than average demographics, considered a stabilize market with low risk of the overall demographics changing in the future.  Wyandotte services all of the Downriver communities with its retail, restaurants and services. Easy access to Detroit Metro area.  Currently Henry Ford Physical Therapy and Medical o!ce occupies 84% of the buildings, the remaining medical tenant a long-term specialist. Henry Ford Physical Therapy, Medical Building and Chief Gasternologist for HF There are 2 Buildings totaling 18,000 sf Building 1 Medical building 10,500 sf HF 6500 sf Gasternologist 4,000 sf for 40 yrs Building 2 HF Physical Therapy 7500 sf 4,000 sf Gasternologist $64,308 term thru Aug 2030 3% increase each yr 6,500 sf HF Medical $113,820 term thru Dec 2027 no options 7,500 sf HF Physical Therapy $102,636 term thru May 2026 no options HF has had occupancy for upto 20 yrs Physical Therapy was former Block buster Video 50 yr line of the Wyandotte great for redevelopment or a modest upgrade to the national PT group this building can generate $28 sf NNN. The property of the PT can support a mid rise in the future with the back drop of the river on the main street of Wyandotte.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

7.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

Commercial

APN/PARCEL ID

57-020-01-0009-301

ASK ABOUT THIS PROPERTY

Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

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Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

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