Medical Office Building with
15357 Farmington Road Unit SourceFi Livonia, MI 48154
15357 Farmington Road Unit SourceFi, Livonia, MI, 48154
$525,000
For Sale
$525,000
Two-unit medical office building with separate utilities, 16 parking spaces, and C-2 zoning.
Property Size2,761 SF
Price / SF$190.15
Days on Market193
Property Features for 15357 Farmington Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,761 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
Van Esley Real Estate Inc
(248) 207-7388
Listed by
David Misko · License #6501351778
(248) 207-7388
Source
Xome
Added: Jan 6 Checked: Jul 18 at 3:46 am
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 Van Esley Real Estate Inc
Investment Insights
Based on property information with market context.
This 2,761 sq ft medical office building is set up as two units with separate utilities. The property is currently used as medical office space, and the south unit was formerly used as a dental office, with underground lines still in place.
The building includes 16 parking spots and is zoned C-2. All information is estimated and should be verified. Land Contract terms are possible.
Because the property includes multiple units and utility separation, it may support a range of medical-office configurations within a single building.
The building includes 16 parking spots and is zoned C-2. All information is estimated and should be verified. Land Contract terms are possible.
Because the property includes multiple units and utility separation, it may support a range of medical-office configurations within a single building.
Key Highlights
- 2,761 sq ft two‑unit medical office building in the heart of downtown Livonia
- Two units with separate utilities
- 16 parking spots on site
Local 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 | $55.3k | $20.04 |
| − Vacancy | −$6.9k | −$2.49 |
| EGI | $48.5k | $17.55 |
| − OpEx | −$19.4k | −$7.02 |
| NOI | $29.1k | $10.53 |
2,761 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$415.4K
$363.4K – $484.6K
NOI $29,075 @ 7.0% cap · market cap 5.54%
Second Best
Office B
$135.8K
$118.8K – $158.4K
NOI $9,505 @ 7.0% cap · market cap 1.81%
Theoretical Best
Specialty Retail
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Innocent E. ...
Pediatrician
Veteran's Park Memorial ...
Park
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Two-unit medical office building with separate utilities, 16 parking spaces, and C-2 zoning.
Where is this medical office space located?
The property is located at 15357 Farmington Road Unit SourceFi Livonia, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,761 sq ft two‑unit medical office building in the heart of downtown Livonia; Two units with separate utilities; 16 parking spots on site
