Multi-Tenant Medical Office
10982-10990 Middlebelt Rd Livonia, MI 48150
New
For Sale
$1,550,000
Multi-tenant medical office building on a signalized hard corner near major retail, with space available for medical or office use.
Days on Market4
Property Features for 10982-10990 Middlebelt Rd
General Information
Standard status
Active
Property subtype
Office - Medical Office
Building Details
Year Built
1979
Listing Agency:
P.A. Commercial
(248) 331-0202
Listed By:
Mike Gunn
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 28
Last Checked: Jul 29 at 4:29AM
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
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 For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.6k | $20.04 |
| − Vacancy | −$24.2k | −$2.49 |
| EGI | $170.4k | $17.55 |
| − OpEx | −$68.2k | −$7.02 |
| NOI | $102.3k | $10.53 |
9,710 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.46M
$1.28M – $1.70M
NOI $102,252 @ 7.0% cap · market cap 6.60%
Second Best
Office B
$477.5K
$417.8K – $557.1K
NOI $33,427 @ 7.0% cap · market cap 2.16%
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.
Property Analytics
Location Intelligence
Current Use
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
