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108 W Higham St 18,747 SF Office Building Saint Johns, MI 48879 $828,084 CAD ($44.17 CAD/SF) 12.17% Cap Rate
Investment Highlights
- Configured for medical and professional office occupancy.
- Adjacent parcel and billboard provide additional income or redevelopment potential.
- Located in downtown St. Johns near local businesses and civic amenities.
Executive Summary
Positioned in downtown St. Johns, 108 W Higham Street presents an opportunity to acquire a well-established medical and professional office property with multiple avenues for future value creation. The property consists of a substantial commercial building configured to support medical and office users, offering a layout that can accommodate owner-occupants, investors, or redevelopment-oriented buyers. Existing medical improvements, including exam rooms, reception areas, and ADA-compliant facilities, provide functionality for healthcare and professional service operators while supporting continued occupancy potential.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,747 SF
Building Class
B
Year Built
1900
Price
$828,084 CAD
Price Per SF
$44.17 CAD
Cap Rate
12.17%
NOI
$100,739 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
18,747 SF
Building FAR
1.00
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
CBD - Commercial Zoned District
Parking
20 Spaces (1.07 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 300-000-003-010-01 | Improvements Assessment | $454,258 CAD |
| Land Assessment | $19,147 CAD | Total Assessment | $473,405 CAD |
Property Taxes
Parcel Number
300-000-003-010-01
Land Assessment
$19,147 CAD
Improvements Assessment
$454,258 CAD
Total Assessment
$473,405 CAD
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108 W Higham St
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