Medical Office Suite with Private
For Sale
Contact for pricing
18254 Livernois Avenue 4, Detroit, MI 48221
A shared lobby, permitted unit signage, and off-street parking support day-to-day operations.
Property Size3,800 SF
Price / SF$0.16
Days on Market27
Property Features for 18254 Livernois Avenue 4
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Site & Location
Neighborhood
University District
Utilities to Site
Yes
Additional Details
Office Units
1
Property Use
Office
Amenities
private lavatory
shared high capacity lobby
Building Details
Year Built
1952
Listing Agency:
Good Company
(248) 733-5811
Listed By:
Jay Taylor · License #6501394740
(313) 410-1149
Source:
Goodhomemi
Added: Oct 5
Changed: Oct 28
Last Checked: Oct 28 at 4:06PM
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 Good Company
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Investment Insights
Based on property information with market context.
This medical office suite offers approximately 700 square feet and a private lavatory within a medical building constructed in 1952. Occupants share the building lobby, and unit signage is permitted. Off-street parking is available in the building’s lot.
The property is on Livernois Avenue in Detroit, near the University District, Bagley, and University of Detroit Mercy.
The property is on Livernois Avenue in Detroit, near the University District, Bagley, and University of Detroit Mercy.
Key Highlights
- 700 square foot unit with a private lavatory
- Shared lobby within a medical building constructed in 1952
- Off‑street parking lot serves the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,498
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,960
$770.0K
Cap Rate 7%
$549,971
$550.0K
Cap Rate 9%
$427,756
$427.8K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$66.6K $17.52/SF
− Vacancy
−$15.2K −$4.01/SF
EGI
$51.3K $13.51/SF
− OpEx
−$12.8K −$3.38/SF
NOI
$38.5K $10.13/SF
Area
Detroit, MI
Vacancy
22.90%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,960
Cap Rate 7%
$549,971
Cap Rate 9%
$427,756
Alternative Uses
Best Use
Healthcare Medical
$562.8K
$492.5K – $656.6K
NOI $39,398 @ 7.0% cap · market cap 6,566.33%
Second Best
Office B
$550.0K
$481.2K – $641.6K
NOI $38,498 @ 7.0% cap · market cap 6,416.33%
Theoretical Best
Office A
$838.3K
$733.5K – $978.0K
NOI $58,681 @ 7.0% cap · market cap 9,780.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48221, MI
38,204
Population
17,452
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
7,347
Density / Sq Mi
$55,583
Median Household Income
$37,019
Median Earnings
$1,174
Median Rent
$138,700
Median Home Value
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Market
Vacancy Rate% for Office in Detroit, MI
Frequently Asked Questions
What type of property is this?
Medical Office Space - A shared lobby, permitted unit signage, and off-street parking support day-to-day operations.
Where is this medical office space located?
The property is located at 18254 Livernois Avenue 4 Detroit, MI.
What are key features of this property?
This property features: 700 square foot unit with a private lavatory; Shared lobby within a medical building constructed in 1952; Off‑street parking lot serves the building
