11182 HIGHLAND ROAD $650,000

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    11182 HIGHLAND ROAD Hartland, MI 48353

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    $650,000

    Market Estimate
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    • 3,832 sq. ft.
    • 0.88 Acres
    • Commercial Lease
    • MLS# 60299053
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    Views: 46 Days On Site: 218

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    Property Details

    Invest Wisely in This Medical Condominium and Enjoy a Simple Income Property with a Reliable Cash Flow! Located Within the Hartland Millennium Center, A 3-Building All Brick Medical Complex on a Cul-De-Sac Just 1/2 Half Mile East of Old US~23 on the Southside of M~59 (Highland Road) No Vacancies in this Entire Complex, Long Term Tenant = Advanced Physical Therapy Just Recently Signed a New Lease So You Can Rely on Steady Income ~ A Copy of the Lease and The Recent Profit and Loss Statement Will Be Provided Once We Receive a Signed Confidentiality Agreement (In Realcomp) From the Prospective Purchaser(s) and Purchaser(s) Broker ~ The Square Footage Herein Does Not Include the Owners Proportionate Interest in the Common Seating Area in Foyer and Common Area Bathrooms ~ This Entire Building is For Sale, A Total of 4 Office Condominium Units For the Total Price of $2,475,000.00 ~ The 3 Additional Units Are One Different Owner That Are Currently For Sale for $1,750,000.00, See Multi-List #20230002244 ~ The Individual Owners of this Unit and the Other 3 Units Mentioned Are Open to a Possible Transaction for the Entire Building, Subject to An Agreeable Transaction Structure or Purchase this Unit for a More Moderate Investment ~ Either Way You Will Experience a Desirable Return on Investment! Currently A 9.6% Cap Rate!

    • General Features
      • Acreage 0.88
      • Area Municipality Hartland Twp (47009)
      • County Livingston
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision HARTLAND CENTER OFFICE CONDO
      • Total SqFt Finished 3832
      • Waterfront Y/N No
      • Year Built 20
      • ZONING Commercial
    • Building Features
      • Exterior Construction Brick
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Public Water
      • Lot Size IRREGULAR
      • Roads Class A, Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    48353 (Hartland) Demographics

    46 Median Age
    495 Population Density (per sq. mile)
    46% College Educated
    $77,245 Estimated Median Income
    2,473 Estimated Total Home Owners
    277 Estimated Total Renters
    90% / 10% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    6,961 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $393,000 Median Sales Price
    2 Homes Sold
    5 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $650,000
        4/9/2024 12:22:00 PM New in Database Source: Multiple Listing Service New Value: $650,000

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        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.