301 W 13 Mile Rd
Madison Heights, MI 48071
EyeSouth Medical Office · Office Property For Sale

Marcus & Millichap is pleased to present Ophthalmic Specialists of Michigan (OSM), a single-tenant medical office located at 301 W. 13 Mile Road in Madison Heights, Michigan. The property is situated on a 0.65-acre lot with ample parking. The tenant operates under a double-net lease and recently executed a 15-year extension. The lease includes 2 percent annual rent escalations and two five-year option periods.
This property is being offered individually or together with Livonia Outpatient Surgery Center (LOSC), located in Livonia, Michigan, as part of a two-property, 20,590-square-foot medical office portfolio totaling 2.36 acres. The combined portfolio is offered at $6,646,326, or individually at $1,740,993 for Madison Heights and $4,905,333 for Livonia, each at a 6.75 percent cap rate.
OSM is a specialty eye care group with four clinic locations in Madison Heights, Livonia, Southfield and Dearborn, as well as an outpatient surgery center in Livonia. Its team of nine physicians provides comprehensive eye care and vision restoration services, specializing in comprehensive ophthalmology, diabetic eye care, cataract surgery, glaucoma management, retinal diseases, corneal and external diseases, and oculoplastics/plastic and reconstructive surgery. Ophthalmic Specialists of Michigan is a partner of EyeSouth EyeCare.
EyeSouth EyeCare, headquartered in Atlanta, is a leading management services organization supporting ophthalmology practices and ambulatory surgery centers nationwide by providing comprehensive business and administrative resources. EyeSouth enables physicians to focus on exceptional patient care. The network includes more than 150 doctors across 60-plus locations and multiple surgery centers, making it one of the largest and most respected eye care groups in the country.
The medical office enjoys high visibility on 13 Mile Road (28,230 vehicles per day), located between Interstate 75 (151,126 VPD) and John R Road (23,152 VPD), with quick access to Interstate 696 (157,250 VPD). Nearby, the Madison Heights Civic Center and Lamphere High School (729 students) are across the street, and a Sam’s Club is adjacent at the east. Four miles to the south lies the GM Tech Center, a 710-acre campus with 81 buildings and capacity for more than 21,000 employees. GM recently invested $81 million at the Tech Center to manufacture the new EV Cadillac Celestiq. Four miles west is Corewell Health | Beaumont Royal Oak Hospital, a 1,101-bed community hospital that serves as a major academic and referral center, Level I adult trauma center, and Level II pediatric center. Ranked number two in Michigan by U.S. News & World Report, the hospital employs more than 7,400 people and receives nearly 120,000 annual emergency visits.
The subject property is located in a core retail market, with over 28.5 million square feet of retail within five miles. The area features big-box retailers including Meijer, Costco, Home Depot, Lowe’s, Best Buy, Target and more. Oakland Mall, a 1.5 million-square-foot super-regional shopping mall anchored by Macy’s, JCPenney, Dick’s Sporting Goods and At Home, is just one mile away.
Madison Heights is strategically positioned as a regional hub for both residents and businesses, sharing borders with Troy, Royal Oak, Hazel Park and Warren. Part of the greater Detroit metropolitan area, the city—part of Oakland County’s automotive and technology business community, with more than 1,300 commercial and industrial businesses within its 7.2-square-mile area—boasts strong demographics and accessibility. Madison Heights has 23 shopping centers, 19 hotels, more than 860,000 square feet of office space and seven industrial parks, all supporting a robust business base. The local economy is driven by a strong light industrial and retail mix, with businesses contributing 60 percent of the city’s tax revenue. Oakland County, which holds a AAA bond rating, ranks as the ninth-wealthiest county in the U.S. among counties with more than 1 million people. Madison Heights boasts excellent demographics, with more than 321,000 residents and an average household income exceeding $96,000 within five miles of the property.