29753 Hoover Road

Warren, MI 48093

Listing ID: 197464

$2,900,000

For Sale

Property Type Office : Professional
Lot Size Acres 2.180
Building Sq Ft 17,832
Building Price per Sq Ft $162.63
Land Sq Ft 94,960
Land Price per Sq Ft $30.54

29753 Hoover Road Warren, MI 48093 - main image

Description

Description
Two very well maintained professional buildings on a well-trafficked corner parcel in Warren with great exposure. This property has been 100% occupied by four long-term tenants. Macomb Pediatrics will be moving to a building they recently purchased. This is a great investment opportunity!
Highlights
9.9% Cap Rate
Conveniently located close to major Macomb County hospitals
Easy management
Convenient on-site parking for 144 vehicles
Easy expressway access
Located on well-known medical corridor

Attachments & Files

newsalebrochure-4-BqB-y31.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		16,263	106,792	320,867
Population Median Age		42	41	39
Population by Age	0-9 Yrs	1763 (10%)	11511 (10%)	38126 (11%)
	10-19 Yrs	1711 (10%)	11903 (11%)	38566 (12%)
	20-29 Yrs	2316 (14%)	14106 (13%)	46016 (14%)
	30-39 Yrs	1933 (11%)	13389 (12%)	40846 (12%)
	40-49 Yrs	2192 (13%)	14522 (13%)	41624 (12%)
	50-59 Yrs	2171 (13%)	15194 (14%)	44815 (13%)
	60-69 Yrs	1754 (10%)	12337 (11%)	35539 (11%)
	70+ Yrs	2424 (14%)	13828 (12%)	35335 (11%)

Median HH Income		$54,164	$52,852	$49,340
Total Household Income	< 24K	1304 (19%)	8592 (19%)	29171 (22%)
	25-49K	1798 (27%)	12293 (27%)	35358 (27%)
	50-74K	967 (14%)	8822 (20%)	25744 (20%)
	75-99K	924 (14%)	5595 (12%)	15246 (11%)
	100-199K	1458 (22%)	7661 (17%)	19468 (15%)
	200K+	116 (1%)	1012 (2%)	2370 (1%)

Highest Education Level	No Diploma	1094	8369	30217
	Diploma or GED	3922	25339	73759
	Some College	2727	18677	53551
	Assoc. Degree	1446	7949	22097
	Bachelors Degree	1899	11382	29079
	Higher Degree	724	5231	13585

Total Housing Units		7,028	46,633	136,799
--Owner-Occupied		4,855	31,315	84,169
--Renter-Occupied		1,712	12,660	43,188
Owner-Occupied Values	< 100K	1063	9665	35089
	100-199K	3489	18969	40371
	200-299K	255	2151	7188
	300-399K	34	321	803
	400-499K	0	21	194
	500K+	14	187	524

Total Working Age Population		13,489	88,133	259,452
In Work Force		8,454	54,700	160,261
Not In Work Force		5,035	33,433	99,191
Workforce Employed		7,986	51,410	148,409
Workforce Unemployed		468	3,228	11,723
Civlian Workforce		8,454	54,638	160,132
Military Workforce		0	62	129

Total Households		6,566	43,975	127,357
Family Households		4,163	27,739	80,974
Non-Family Households		2,403	16,236	46,384
Married Couple		3,065	19,151	51,878
Other Family		1,099	8,588	29,095
Married w/Child		1,204	7,243	20,086
Single Male w/Child		65	853	2,923
Single Female w/Child		345	2,699	10,739

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Macomb County	788,149	+7	840,978	+5	883,020	+6	933,965
Wayne County	2,061,162	-12	1,820,584	-4	1,741,463	-1	1,730,000
Oakland County	1,194,156	+1	1,202,362	+5	1,264,515	+7	1,350,052

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.