14625 Telegraph Road

Description

This exceptional property combines a 4,800 square foot medical office space and an additional 5,000 sq ft of fully occupied strip mall in a prime location alongTelegraph Road, a bustling commercial corridor. Ideal for investors or healthcare professionals, the property features modern amenities,consistent rental income, and future development potential, making it a unique opportunity. The medical office space is well-equippedand designed for efficiency. It includes four exam rooms, a dedicated infusion center with four chairs, an on-site diagnostic lab, and aspacious reception area with workstations for up to five staff. Additional features include a private conference room, a billing departmentaccommodating three staff, multiple administrative offices, and a comfortable lobby with seating for 20 patients. A specialty room istailored for sleep study procedures, providing even more versatility. Completing the package is a massive 1,800-square-foot garage,perfect for storage or parking. The strip mall offers a consistent revenue stream from a fully leased grocery store and pharmacy,generating $5,500 per month. Parking is ample, with 54 spaces, and the property features 364 feet of frontage along Telegraph Road formaximum visibility and ease of access. Expansion opportunities abound, with four vacant lots behind the parking area that can beincluded in the sale. These lots offer an additional 200 feet of potential frontage, opening doors for further development or revenuegeneration. Infrastructure improvements by the Michigan Department of Transportation (MDOT) add to the propertys appeal. In 2024,MDOT initiated an $18.5 million project to enhance bridges and connectivity along US-24 (Telegraph Road). These improvementscontribute to the areas accessibility and long-term growth, further increasing the propertys value. With its turnkey condition, highvisibility, and suitability for a variety of medical and healthcare services, this property is ready to support a wide range of uses.