6.3 Acres of Improved Commercial Land for Sale in Monroe, Michigan

Physicians Eye Care (the "Subject") is an approximately 7-to-19-year-old (built in two phases in 1995 and 2007), 15,662-SFG single-story medical office building located on a 6.32-acre parcel in Monroe, Michigan. The Subject consists of a single building that is vacant. In plan, the Subject is rectangular in shape. The property is accessed along Monroe Street to the west with the nearest major intersection street being Cole Road. Ingress and egress is provided via a single point along Monroe Street. Parking is provided on the south, east and west elevations within open paved lots. Construction consists of a substructure of concrete spread footings and SOG, with a superstructure of wood framing. Cellar foundation walls are constructed of CMU. The predominant sidewall system consists of brick and vinyl siding. Roofing consists of asphalt shingles, with drainage by gutters and leaders. Heating and air conditioning is provided via split systems with natural gas-fired furnaces. Domestic hot water is provided by a two gas- fired water heaters. Electrical service enters the Subject from a pad-mounted transformer and consists of a 208/120-V, 3-phase service. The Subject is complete with a wet-pipe sprinkler system for fire protection. There is no vertical transportation, as it is a single-story structure. Generally, the Subject was considered to be in good condition; however, this does not preclude the Subject from having system/component specific physical deficiencies, deficiencies that may be costly to remedy or that require further study. Of importance, there was no evidence of any apparent, major structural or mechanical distress that was observed to be prevalent. The Subject exhibited minimal wear and tear commensurate with its age. It was evident from our survey that the Subject has been the recipient of an adequate level of preventive maintenance provided by various service firms and the Subject's maintenance staff.