Multi-Tenant Medical Office
For Sale
$1,550,000
10982-10990 Middlebelt Rd, Livonia, MI 48150
Multi-tenant medical office building on a signalized hard corner near major retail, with space available for medical or office use.
Property Size9,710 SF
Days on Market96
Property Features for 10982-10990 Middlebelt Rd
General Information
Standard status
Active
Size
9,710 SF
Class
B
Property subtype
Office - Medical Office
Building Details
Building Size
9,710 SF
Year Built
1979
Year Renovated
2020
Units
5
Listing Agency:
P.A. Commercial
Listed By:
Mike Gunn
(248) 331-0202
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 28 at 5:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of P.A. Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant medical office building is located on a corner of Middlebelt Road and Orangelawn Street. The property is 9,710 square feet and is currently 61% occupied by two established healthcare tenants, with additional space available that can be combined or leased.
Positioned on a signalized hard corner along one of Livonia’s most traveled commercial corridors, the building offers prominent visibility near Wonderland Plaza. The area includes major retail anchors and a range of dining options. The property also provides immediate access to I-96 and the Southern I-275 Corridor.
Approximately 3,800 square feet of available space can be combined to support an owner-user, or it may be leased to medical, office, or retail tenants. Ownership has invested more than $350,000 in capital improvements over the past six years, contributing to a well-maintained asset with minimal near-term capital requirements. The property includes a monument sign and abundant parking.
Positioned on a signalized hard corner along one of Livonia’s most traveled commercial corridors, the building offers prominent visibility near Wonderland Plaza. The area includes major retail anchors and a range of dining options. The property also provides immediate access to I-96 and the Southern I-275 Corridor.
Approximately 3,800 square feet of available space can be combined to support an owner-user, or it may be leased to medical, office, or retail tenants. Ownership has invested more than $350,000 in capital improvements over the past six years, contributing to a well-maintained asset with minimal near-term capital requirements. The property includes a monument sign and abundant parking.
Key Highlights
- 9,710 SF multi‑tenant medical office building built in 1979
- Corner location on Middlebelt Rd and Orangelawn St with signalized hard‑corner access
- Currently 61% occupied by two established healthcare tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,252
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,045,040
$2.0M
Cap Rate 7%
$1,460,743
$1.5M
Cap Rate 9%
$1,136,133
$1.1M
Market Conditions
NOI Build-Up for 9,710 SF
Gross rent
$194.6K $20.04/SF
− Vacancy
−$24.2K −$2.49/SF
EGI
$170.4K $17.55/SF
− OpEx
−$68.2K −$7.02/SF
NOI
$102.3K $10.53/SF
Area
Wayne County, MI
Vacancy
12.42%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,045,040
Cap Rate 7%
$1,460,743
Cap Rate 9%
$1,136,133
Alternative Uses
Best Use
Healthcare Medical
$1.46M
$1.28M – $1.70M
NOI $102,252 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.80M
$1.57M – $2.10M
NOI $125,842 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 48150, MI
26,573
Population
10,724
Households
2.5
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
12.1 sq mi
ZIP Area
2,196
Density / Sq Mi
$94,058
Median Household Income
$50,779
Median Earnings
$1,328
Median Rent
$228,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Medical center - Multi-tenant medical office building on a signalized hard corner near major retail, with space available for medical or office use.
Where is this medical center located?
The property is located at 10982-10990 Middlebelt Rd Livonia, MI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 9,710 SF multi‑tenant medical office building built in 1979; Corner location on Middlebelt Rd and Orangelawn St with signalized hard‑corner access; Currently 61% occupied by two established healthcare tenants
