For Sale $925,000
Property Type Retail - Street Retail
Property Size 5,200 SF
Units 2
Lot Size 0.27 Acre
Property Tenancy Multi-Tenant
Year Built 1997
Year Renovated 2016
Date Updated Mar 24, 2024

.Below Market Rent: Both tenants are paying below market rent, current market rent is $16.14/SF. Location: Right outside of downtown Wyandotte and across the street from the local high-school, the property is situated within walking distance from various restaurants, community venues and multiple medical establishments, including Henry Ford Hospital. New Roof & Structure: Recently re-sealed the roof and entire building renovated in 2016. Parking lot resurfaced in 2021. Rent Increases: Annual increases throughout base term and options of Wyandotte Pharmacy lease. Traffic Counts: Exceed 20,000+ Cars Daily on Eureka Rd. Service Based Tenants: Both tenants are service based in the medical sector

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

Below Market Rent: Both tenants are paying below market rent, current market rent is $16.14/SF.
Location: Right outside of downtown Wyandotte and across the street from the local high-school, the property is situated within walking distance from various restaurants, community venues and multiple medical establishments, including Henry Ford Hospital.
New Roof & Structure: Recently re-sealed the roof and entire building renovated in 2016. Parking lot resurfaced in 2021.
Rent Increases: Annual increases throughout base term and options of Wyandotte Pharmacy lease.
Traffic Counts: Exceed 20,000+ Cars Daily on Eureka Rd.
Service Based Tenants: Both tenants are service based in the medical sector

Contacts

Noah Dalaly

Encore Real Estate Investment Services

(248) 702-4427

Location

Getting Around

Walk Score ®
90/100 Very Walkable
Bike Score ®
56/100 Bikeable

Map
Street

City Wyandotte, MI
Neighborhood Wyandotte
Zip Code 48192
Market Detroit

Points of Interest

Walnut Grove Station

8.23 miles
Firestone Station

8.29 miles
Smith's Creek Depot Station

8.38 miles
Dearborn

8.52 miles

Mobil

0.08 miles
Citgo

0.66 miles
WOW!

1.01 miles
Citgo

1.36 miles
Sunoco

1.40 miles
RP Fuel

1.63 miles
Meijer

1.77 miles
Sunoco

1.87 miles
Kroger

1.92 miles
BP

2.02 miles

Wyandotte Parking Lot 7

0.14 miles
Wyandotte Parking Lot 8

0.19 miles
Wyandotte Parking Lot 9

0.23 miles
Wyandotte Parking Lot 6

0.24 miles
Wyandotte Parking Lot 4

0.27 miles
Wyandotte Parking Lot 5

0.27 miles
Wyandotte Parking Lot 10

0.29 miles
Wyandotte Parking Lot 3

0.31 miles
Wyandotte Parking Lot 11

0.36 miles
Wyandotte Parking Lot 2

0.36 miles

Subway

0.07 miles
Lucky Dragon

0.08 miles
Mancino's Pizza & Grinders

0.10 miles
Dunkin'

0.12 miles
Big Boy

0.13 miles
Wendy's

0.14 miles
McDonald's

0.19 miles
Coastal Thai

0.20 miles
Taco Bros.

0.21 miles
H2O Seafood

0.22 miles

Wyandotte Plaza

0.06 miles
Roosevelt Plaza

0.07 miles
Wyandotte Plaza

0.09 miles
Jerry's Food Market

0.74 miles
ALDI

1.32 miles
Fort-Grove Shopping Center

1.34 miles
Meijer

1.67 miles
Shopper's Valley Supermarket

1.87 miles
Kroger Marketplace

1.88 miles
Big Lots

2.25 miles

Frequently Asked Questions

What is the lease rate for Wyandotte Medical Building?

Rental asking rate at Wyandotte Medical Building is $462,500.00/YR.

What is the total square footage of Wyandotte Medical Building?

Wyandotte Medical Building totals 5,200 square feet.

When was this property built?

Wyandotte Medical Building was built in 1997.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.