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16068 E 8 Mile Rd 1,048 SF 100% Leased Office Building Detroit, MI 48205 $381,825 CAD ($364.34 CAD/SF)



Investment Highlights
- 1,048 SF Standalone Building
- 3 fully-equipped operatories, reception, sterilization room and lab/storage area
- Established 65+ years with a loyal, built-in patient recall base
- Monument Signage and 8 Mile frontage with heavy drive-by traffic
- Updated x-ray and clinical systems; utilities and power specifically sized for dental growth
Executive Summary
Recent Price Improvement:
Established 65-Year Legacy: This is a rare opportunity to acquire a staple of the Detroit community with a built-in patient recall base and approximately 65 years of neighborhood trust.
Turnkey Clinical Environment: The 1,048 SF standalone facility is immaculately maintained and features three operatories, reception, sterilization, and lab/storage areas.
Recent Capital Improvements: The practice is equipped with newer X-ray units and clinical systems, significantly reducing near-term CapEx for a new owner.
Proven Revenue & Insurance Mix: The practice generates over $250k in annual collections with a broad insurance acceptance profile, including Medicaid and major PPO plans.
Owner-User Advantage: Ideal for a solo practitioner or small group, this property offers standalone identity, monument signage, and private on-site parking on the high-traffic 8 Mile corridor.
Strategic Growth Levers: Immediate upside can be realized through hygiene optimization, patient reactivation, and the introduction of specialty services like clear aligners or endodontics.
Seamless Transition: To ensure the preservation of goodwill and staff retention, the seller is willing to provide a short handoff period for patient introductions and records transfer.
Established 65-Year Legacy: This is a rare opportunity to acquire a staple of the Detroit community with a built-in patient recall base and approximately 65 years of neighborhood trust.
Turnkey Clinical Environment: The 1,048 SF standalone facility is immaculately maintained and features three operatories, reception, sterilization, and lab/storage areas.
Recent Capital Improvements: The practice is equipped with newer X-ray units and clinical systems, significantly reducing near-term CapEx for a new owner.
Proven Revenue & Insurance Mix: The practice generates over $250k in annual collections with a broad insurance acceptance profile, including Medicaid and major PPO plans.
Owner-User Advantage: Ideal for a solo practitioner or small group, this property offers standalone identity, monument signage, and private on-site parking on the high-traffic 8 Mile corridor.
Strategic Growth Levers: Immediate upside can be realized through hygiene optimization, patient reactivation, and the introduction of specialty services like clear aligners or endodontics.
Seamless Transition: To ensure the preservation of goodwill and staff retention, the seller is willing to provide a short handoff period for patient introductions and records transfer.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
1,048 SF
Building Class
C
Year Built
1959
Price
$381,825 CAD
Price Per SF
$364.34 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,048 SF
Building FAR
0.27
Lot Size
0.09 AC
Zoning
B-4 - General Business District
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 21-027966 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $68,183 CAD |
Property Taxes
Parcel Number
21-027966
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$68,183 CAD
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16068 E 8 Mile Rd
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