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31535 Ford Rd
Garden City, MI 48135
Garden City Medical Center · Retail Property For Sale


Investment Highlights
- 8,121 SF Medical Office Building
- Built in 2014 of High-Quality Construction & Renovated in 2022
- Strategically located less than 2.5 miles from Garden City Hospital
- 100% Occupied on an NNN basis by Yaldo Eye Center and Crawford Bone & Joint
- 20% of residents within a three-mile radius are age 65 or older, creating consistent demand for medical services
- Immediate access to I-275, I-96, and Telegraph Rd
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,121 SF
Building Class
B
Year Built/Renovated
2014/2022
Price
$1,850,000
Price Per SF
$227.80
Cap Rate
7.14%
NOI
$132,090
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.50 AC
Zoning
C-2, - Community Business
Parking
40 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
216’ on Ford Rd
Amenities
- Bus Line
- Pylon Sign
- Air Conditioning
Property Taxes
| Parcel Number | 35-020-01-0755-301 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $350,900 |
Property Taxes
Parcel Number
35-020-01-0755-301
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$350,900
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