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Royal Oak Medical Building 5130 Coolidge Hwy 8,674 SF Office Building Royal Oak, MI 48073 $3,077,325 CAD ($354.78 CAD/SF)
Investment Highlights
- First Time on Market in 40+ Years – Family ownership since development; rare generational offering
- Premier Royal Oak Location – Frontage along Coolidge Highway with 45,000+ VPD
- Significant Value-Add Upside - Medical office space available at closing, Surgery center lease expiring in 2025, Additional mini surgery center recent
- Outparcel to Meijer – Strong grocery-anchored adjacency with daily needs traffic and long-term draw
- Irreplaceable Infill Market – Dense, affluent trade area with limited new supply
- Proven Long-Term Tenancy - Main surgery center consistently leased since 2010, Medical office owned and operated by the landlord for 40+ years
Executive Summary
First Time on Market in 40+ Years – Family ownership since development; rare generational offering
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,674 SF
Building Class
C
Year Built
1977
Price
$3,077,325 CAD
Price Per SF
$354.78 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,674 SF
Building FAR
0.19
Lot Size
1.06 AC
Zoning
BI
Parking
65 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-32-301-027 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $838,072 CAD |
Property Taxes
Parcel Number
20-32-301-027
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$838,072 CAD
Contacts
-
Deno Bistolarides -
Noah Dalaly -
Danny Samona -
Encore Real Estate Investment Services
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Royal Oak Medical Building | 5130 Coolidge Hwy
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