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    38525 8 Mile Rd Livonia, MI 48152

    For Sale
    $825,000

    5,846 SF medical office building on 1.51 acres.

    Property size:
    5,846 SF
    Lot size:
    1.53 Acres

    Property Features for 38525 8 Mile Rd

    General Information

    Size
    5,846 SF
    Lot size
    1.53 Acres

    Source: Iconic Real Estate Agent Petar Elieff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Building For Sale

    This 5,846 square-foot building, formerly an internal medicine office, is situated on 1.51 acres. The property features 13 exam rooms, a lobby, and a kitchen, with the option for a small pharmacy inside the east wing. The eastern building is the historical Joshua Morrell Simmons House. The property is zoned RUF and includes a 28-space parking lot with one point of access. It is ideal for an owner-occupier. The speed limit is 45 MPH.
    Insight Report Location Intelligence

    Current Use by Public Records

    Andrew Borin DO Cardiologist Dr. Keith J. ... Internist Michigan Institute of Medicine Medical Clinic ASHLEY JEANNE ADAMS Nurse Practitioner AMINA HASSAN Nurse Practitioner

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4250548
    Latitude
    42.4387349

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    FAQs

    What type of property is this?
    Medical office - 5,846 SF medical office building on 1.51 acres.
    Where is this medical office located?
    The property is located at 38525 8 Mile Rd Livonia, MI.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - 5,846 Total SF former Internal Medicine Office suitable for owner/occupier.; - Includes 13 exam rooms, lobby, and kitchen; option for small pharmacy.; - Located on 1.51 acres.
    (313) 603-4266
    Request Owner's contact information
    38525 8 Mile Rd Livonia, MI 48152
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38525 8 Mile Rd Livonia, MI 48152
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