16331 9 Mile RdEastpointe, MI 48021

For Sale
$900,000

High-traffic location, strong cap rate, owner-user potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents an 8,433 square foot, three-story Class B office building located at 16331 E 9 Mile Rd, Eastpointe, MI 48021. The property boasts a 12% cap rate at lease-up and is currently 72% occupied by a mix of tenants, including a long-term established physical therapy practice and a community credit union. The building, constructed in 1994, features attached parking and is situated on a high-traffic road, ensuring excellent visibility and accessibility. The property includes a bonus common area and meeting space, adding value and convenience. The building is well-maintained and presents a clean, professional image. The zoning is B-3, and the APN is 02-14-30-454-035. This stabilized investment is ideal for an owner-user seeking executive suites (approximately 2,400 square feet available on the third floor) or for an investor seeking a strong return. The property offers a blend of established tenants and readily available space, presenting a compelling opportunity for immediate income and future growth. The single-building property consists of one three-story structure. The current tenancy is multi-tenant with one tenant currently occupying the space. There is no credit rating available for the tenant.

Highlights

  • 8,433 SF three-story office building.
  • 72% occupancy rate.
  • Anchor tenants include a credit union and a long-term physical therapist.
  • 12% projected cap rate upon full occupancy.
  • Includes bonus common area and meeting space.
  • Well-maintained building.

Property Details for 16331 9 Mile Rd

Property type
Other office properties, Office properties
Square Feet
8,433 SF
Class
B
Year Built
1994
Buildings
1
Stories
3

Location Insight

City
Eastpointe
County
Macomb
State
Michigan
Latitude
42.4646836
Longitude
-82.9532272
16331 9 Mile Rd, Eastpointe, Michigan

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16331 9 Mile Rd
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