Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1968
Sq.Footage
4,510
Medical Office Investment Opportunity - 12.5%+ CAP Rate | Bellevue Strong medical office investment opportunity featuring an updated office building situated on an attractive nearly 10-acre site with excellent visibility and access from RT 4 and RT 113. The property offers a 12.5%+ CAP rate with a 5-year lease that commenced June 1, 2025 and runs through May 31, 2030. Landlord is responsible for real estate taxes, insurance, and maintenance. Currently operating as a medical office, the functional layout includes two waiting rooms, reception area with administrative office, nurses' station, nine exam rooms, physician office, three procedure rooms, lead-lined X-ray room, research room, kitchen/break room, four restrooms, and an IT/utility closet. The site provides 40+ parking spaces for staff and patients and features dual access points from RT 4 and RT 113, offering convenient ingress and egress. The building underwent a full office renovation in 2018, with new furnaces installed in 2024, providing investors a well-maintained asset with recent capital improvements.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
9.997
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$350,000
-
Tax Amount
$5,349.52
-
Sq. Footage
4,510
-
Price/SqFt
$77
HOA
-
Association
No
School District
-
Elementary School
Bellevue CSD - 3901
-
Middle School
Bellevue CSD - 3901
-
High School
Bellevue CSD - 3901
Property Features
-
Sewer
Septic Tank
-
Water Source
Well
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Location
County
Huron
Elementary School
Bellevue CSD - 3901
Middle School
Bellevue CSD - 3901
High School
Bellevue CSD - 3901
Listing Courtesy of Frank Van Dresser, RE/MAX Quality Realty
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AGENT
Keith Vanke
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