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5151 Gateway Blvd 2,630 SF Medical Condo Unit Offered at $1,133,618 CAD in Flint, MI 48507
Investment Highlights
- Fully leased medical office delivering strong investment performance with an 8.2% cap rate.
- Includes five exam rooms, X-ray suite, physician’s office, and welcoming patient waiting area.
- Located in a well-trafficked business district with complementary retail and medical services.
- Convenient access to I-75 and Hill Road, ensuring excellent regional connectivity.
- Recently updated with new HVAC system and carpeting throughout for improved efficiency.
Executive Summary
The property is a single-story medical office facility built in 2003 and situated on 0.66 acres in Flint, Michigan. It has Class B construction and surface parking supporting 38 vehicles. The site is positioned near the intersection of I-75 and Hill Road within an established commercial district. Interior improvements include dedicated exam rooms, imaging space, and support areas. The property operates under PRC zoning (Planned Regional Center).
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
The Unit consists of 5 exam rooms with sinks, a storage room, an X-Ray room, a doctor's office, 2 restrooms, and a spacious welcoming waiting area. Brand new AC and new carpet throughout the office. Ample parking and excellent location for a medical office.
Sale Notes
Fully rented, Great investment with an excellent return of 8.2 Cap Rate. Well maintained medical office in a high demand business district right off US-75 and Hill Rd. Lease is a 28$/ft Gross Lease.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 3 | 2,630 SF | Medical | $1,133,618 CAD ($431.03 CAD/SF) | - |
Unit 3
| Unit Size |
| 2,630 SF |
| Condo Use |
| Medical |
| Price |
| $1,133,618 CAD ($431.03 CAD/SF) |
| NOI |
| - |
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Unit 3
| Unit Size | 2,630 SF |
| Condo Use | Medical |
| Price | $1,133,618 CAD ($431.03 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| The Unit consists of 5 exam rooms with sinks, a storage room, an X-Ray room, a doctor's office, 2 restrooms, and a spacious welcoming waiting area. Brand new AC and new carpet throughout the office. Ample parking and excellent location for a medical office.</li></ul> | |
| Sale Notes | |
| Fully rented, Great investment with an excellent return of 8.2 Cap Rate. Well maintained medical office in a high demand business district right off US-75 and Hill Rd. Lease is a 28$/ft Gross Lease.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 8,048 SF | Typical Floor Size | 8,048 SF |
| Property Type | Office (Condo) | Year Built | 2003 |
| Property Subtype | Medical | Tenancy | Single |
| Building Class | B | Lot Size | 0.66 AC |
| Floors | 1 | Parking Ratio | 14.45/1,000 SF |
| Zoning | PRC, Flint - Commerciale | ||
| Total Building Size | 8,048 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 8,048 SF |
| Year Built | 2003 |
| Tenancy | Single |
| Lot Size | 0.66 AC |
| Parking Ratio | 14.45/1,000 SF |
| Zoning | PRC, Flint - Commerciale |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
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5151 Gateway Blvd
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