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411 W Broadway St 16,000 SF 100% Leased Office Building Mount Pleasant, MI 48858 $905,171 CAD ($56.57 CAD/SF)
Investment Highlights
- 16,000 square feet of fully leased, state-of-the-art medical office space
- Features 64 parking spaces, providing convenience for both staff and patients
- Located on the west side of downtown Mount Pleasant, close to restaurants and banks
Executive Summary
MODERN MEDICAL OFFICE CONDOMINIUM LOCATED ON THE WEST SIDE OF DOWNTOWN. MT. PLEASANT CURRENTLY 2/3 OCCUPIED. PERFECT SPOT FOR DR. OFFICE OR DENTAL OFFICE. PLENTY OF PARKING ADJACENT TO BUILDING IN CITY OWNED LOT. CLOSE TO DOWNTOWN AND RESTAURANTS AND BANKS. THE GROUND FLOOR IS UNIT #1 OF THIS CONDOMINIUM AND IS WHAT IS FOR SALE.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$151,932
|
$9.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$151,932
|
$9.50
|
| Taxes |
$33,062
|
$2.07
|
| Operating Expenses |
$16,218
|
$1.01
|
| Total Expenses |
$49,280
|
$3.08
|
| Net Operating Income |
$102,652
|
$6.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $151,932 |
| Annual Per SF | $9.50 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $151,932 |
| Annual Per SF | $9.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $33,062 |
| Annual Per SF | $2.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,218 |
| Annual Per SF | $1.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,280 |
| Annual Per SF | $3.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,652 |
| Annual Per SF | $6.42 |
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Office
Property Subtype
Medical
Building Size
16,000 SF
Building Class
B
Year Built
2005
Price
$905,171 CAD
Price Per SF
$56.57 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,000 SF
Building FAR
0.62
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
OS-2 - Commercial Zoned District
Parking
64 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
1 1
Moderately walkable
60/100
Very drivable
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 17-000-15-900-00 | Total Assessment | $501,528 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $33,062 CAD ($2.07 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
17-000-15-900-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$501,528 CAD
Annual Taxes
$33,062 CAD ($2.07 CAD/SF)
Tax Year
2025
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411 W Broadway St
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