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411 W Broadway St 16,000 SF 100% Leased Office Building Mount Pleasant, MI 48858 $650,000 ($40.63/SF)
Investment Highlights
- 16,000 square feet of fully leased, state-of-the-art medical office space
- Features 64 parking spaces, providing convenience for both staff and patients
- Located on the west side of downtown Mount Pleasant, close to restaurants and banks
Executive Summary
MODERN MEDICAL OFFICE CONDOMINIUM LOCATED ON THE WEST SIDE OF DOWNTOWN. MT. PLEASANT CURRENTLY 2/3 OCCUPIED. PERFECT SPOT FOR DR. OFFICE OR DENTAL OFFICE. PLENTY OF PARKING ADJACENT TO BUILDING IN CITY OWNED LOT. CLOSE TO DOWNTOWN AND RESTAURANTS AND BANKS. THE GROUND FLOOR IS UNIT #1 OF THIS CONDOMINIUM AND IS WHAT IS FOR SALE.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$109,102
|
$6.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$109,102
|
$6.82
|
| Taxes |
$23,742
|
$1.48
|
| Operating Expenses |
$11,646
|
$0.73
|
| Total Expenses |
$35,388
|
$2.21
|
| Net Operating Income |
$73,714
|
$4.61
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $109,102 |
| Annual Per SF | $6.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $109,102 |
| Annual Per SF | $6.82 |
| Taxes | |
|---|---|
| Annual | $23,742 |
| Annual Per SF | $1.48 |
| Operating Expenses | |
|---|---|
| Annual | $11,646 |
| Annual Per SF | $0.73 |
| Total Expenses | |
|---|---|
| Annual | $35,388 |
| Annual Per SF | $2.21 |
| Net Operating Income | |
|---|---|
| Annual | $73,714 |
| Annual Per SF | $4.61 |
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Office
Property Subtype
Medical
Building Size
16,000 SF
Building Class
B
Year Built
2005
Price
$650,000
Price Per SF
$40.63
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,000 SF
Building FAR
0.62
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
OS-2 - Commercial Zoned District
Parking
64 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
1 1
Moderately walkable
60/100
Very drivable
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 17-000-15-900-00 | Total Assessment | $357,800 |
| Land Assessment | $0 | Annual Taxes | $23,742 ($1.48/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
17-000-15-900-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$357,800
Annual Taxes
$23,742 ($1.48/SF)
Tax Year
2025
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Contact the Sale Advisor
411 W Broadway St