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Henry Ford Medical Center

$3,106,000

24725 Jefferson Ave, St. Clair Shores, MI 48080

Active
Last Updated: 09/21/2026

7.4

Cap Rate

229,880

NOI

Details:
Cap Rate:    7.4%
NOI:    $229,880
Building Size:    12,080 sqft
Lot Area:    1.08 acres
Class:    C
Year Built:    1975
Floors:    1
Highlights:
  • 12,080 ± SF Free-Standing Medical Office Building | Fully Leased to Henry Ford Health and Situated on a 1.08-Acre Site
  • Long-Term Tenancy | Henry Ford Health has occupied the property for over 38 years, demonstrating a proven history of long-term occupancy & commitment to the location
  • Renewal History | Henry Ford Health has exercised multiple lease renewal options; there are currently no remaining renewal options, providing an opportunity for future lease negotiation.
  • Investment-Grade Credit | Henry Ford Health System carries A (S&P) / A2 (Moody’s) credit ratings & is one of Michigan’s leading healthcare providers, generating over $5.8 billion in annual revenue with 33,000+ employees.
  • Diverse Medical Use | The facility is utilized for Family Medicine, Imaging & Radiology, Laboratory Services, Pharmacy, Primary Care, and X-Ray Services, supporting a broad range of healthcare needs.
  • Strong Demographic Base | Located in St. Clair Shores, along the Lake St. Clair waterfront & 13 miles northeast of Downtown Detroit, with 93,000+ residents within a 3-mile radius.
  • Strategic Nautical Mile Location | Positioned along St. Clair Shores’ Nautical Mile, the property benefits from a central location with convenient access for residents of Roseville, Fraser, Eastpointe, Harper Woods, & surrounding communities.
  • Established Healthcare Location | More than three decades of continuous occupancy by a leading regional healthcare provider underscores the property's established role within the local healthcare infrastructure
Description:

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Situated on the western edge of Lake St. Clair, Saint Clair Shores is a thriving suburb in southern Macomb County. The area enjoys excellent connectivity via Interstate 94, offering straightforward commutes to downtown Detroit just 13 miles to the southwest and Port Huron 40 miles to the northeast.
A major local highlight is the Nautical Mile, spanning Jefferson Avenue between 9 and 10 Mile Roads. This renowned lakefront district is recognized for having the highest density of boats in the Midwest and serves as a year-round hub for dining, retail, and entertainment. Easily accessible from major highways like I-94, I-75, and I-696—as well as by boat via the Great Lakes—it stands out as a premier Michigan destination.
This prime positioning makes the city highly desirable for both commerce and comfortable living. Home to roughly 58,000 residents, Saint Clair Shores provides a reliable and close-knit consumer base. Its blend of established neighborhoods, waterfront recreation, and robust local amenities creates an ideal landscape for businesses, particularly medical and healthcare facilities looking to capture a steady, localized patient network. The area's demographics feature a balanced mix of families and older adults, driving consistent, year-round demand for comprehensive medical services. Furthermore, strong municipal services and community investments have fostered a resilient local economy that supports long-term commercial tenancy. Properties situated along main thoroughfares like Jefferson Avenue also directly benefit from high visibility and strong daily traffic counts, maximizing their operational success.

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