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
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
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 Population16,263106,792320,867
Population Median Age424139
Population by Age0-9 Yrs1763 (10%)11511 (10%)38126 (11%)
10-19 Yrs1711 (10%)11903 (11%)38566 (12%)
20-29 Yrs2316 (14%)14106 (13%)46016 (14%)
30-39 Yrs1933 (11%)13389 (12%)40846 (12%)
40-49 Yrs2192 (13%)14522 (13%)41624 (12%)
50-59 Yrs2171 (13%)15194 (14%)44815 (13%)
60-69 Yrs1754 (10%)12337 (11%)35539 (11%)
70+ Yrs2424 (14%)13828 (12%)35335 (11%)
Median HH Income$54,164$52,852$49,340
Total Household Income< 24K1304 (19%)8592 (19%)29171 (22%)
25-49K1798 (27%)12293 (27%)35358 (27%)
50-74K967 (14%)8822 (20%)25744 (20%)
75-99K924 (14%)5595 (12%)15246 (11%)
100-199K1458 (22%)7661 (17%)19468 (15%)
200K+116 (1%)1012 (2%)2370 (1%)
Highest Education LevelNo Diploma1094836930217
Diploma or GED39222533973759
Some College27271867753551
Assoc. Degree1446794922097
Bachelors Degree18991138229079
Higher Degree724523113585
Total Housing Units7,02846,633136,799
--Owner-Occupied4,85531,31584,169
--Renter-Occupied1,71212,66043,188
Owner-Occupied Values< 100K1063966535089
100-199K34891896940371
200-299K25521517188
300-399K34321803
400-499K021194
500K+14187524
Total Working Age Population13,48988,133259,452
In Work Force8,45454,700160,261
Not In Work Force5,03533,43399,191
Workforce Employed7,98651,410148,409
Workforce Unemployed4683,22811,723
Civlian Workforce8,45454,638160,132
Military Workforce062129
Total Households6,56643,975127,357
Family Households4,16327,73980,974
Non-Family Households2,40316,23646,384
Married Couple3,06519,15151,878
Other Family1,0998,58829,095
Married w/Child1,2047,24320,086
Single Male w/Child658532,923
Single Female w/Child3452,69910,739

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Michigan9,938,444-19,883,640+110,023,423+410,424,510
Macomb County788,149+7840,978+5883,020+6933,965
Wayne County2,061,162-121,820,584-41,741,463-11,730,000
Oakland County1,194,156+11,202,362+51,264,515+71,350,052

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

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.

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