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Class A Multi-Story Office Building
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20255 Victor Parkway, Livonia, MI 48152

Four-story, recently renovated Class A office building with extensive parking and modern building systems.

Property Size177,000 SF
Days on Market43

Property Features for 20255 Victor Parkway

General Information

Standard status Active
Size 177,000 SF
Class A
Total Parking Spaces 900
Property subtype Office
Zoning PO-3

Additional Details

Highway Access Yes
Multifamily Units 279

Building Details

Building Size 177,000 SF
Year Built 1999
Stories 4
Tenancy Multi
Listing Agency: Friedman Integrated Real Estate
Listed By: Steven Silverman
Source: Friedmanrealestate
Added: Jul 12 Changed: Aug 8 Last Checked: Aug 23 at 3:18AM

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 Friedman Integrated Real Estate

Investment Insights

Based on property information with market context.

This flexible four-story Class A office building offers multi-tenant office space and a recently renovated interior, along with substantial existing infrastructure. The property includes state-of-the-art building systems, including HVAC, electrical, fire safety, and a building generator. Building facade signage and monument signage are also available.

The asset is located at 20255 Victor Parkway in Livonia, Michigan, with surface parking for up to 1,900 vehicles. The property is described as having immediate connectivity to I-275, I-696, I-96, and M-5. Zoning is identified as PO-3.

With full-building availability, the building may support office use and may also be evaluated for adaptive reuse strategies, including a multifamily conversion concept discussed with conceptual plans for approximately 279 apartment units, subject to due diligence, user requirements, zoning, and municipal approvals.

Key Highlights

  • Four‑story, 177,000 SF Class A multi‑tenant office building built in 1999
  • Recently renovated with state‑of‑the‑art building systems including HVAC, electrical, fire safety, and a building generator
  • Zoned PO‑3 (per listing) for flexibility for office and potential alternative use or conversion opportunities, subject to approvals

Property Analytics

Current Use

Federal Deposit Insurance ... Insurance Agency Trinity Health Corporate Office

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Barber Shop Auto Parts Store Hair Salon Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

279
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

625
Businesses Nearby

Demographics for 48152, MI

31,098
Population
12,922
Households
2.4
Avg Household Size
47
Median Age
41%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
2,592
Density / Sq Mi
$89,019
Median Household Income
$50,614
Median Earnings
$1,293
Median Rent
$284,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Four-story, recently renovated Class A office building with extensive parking and modern building systems.
Where is this office building located?
The property is located at 20255 Victor Parkway Livonia, MI.
What are key features of this property?
This property features: Four‑story, 177,000 SF Class A multi‑tenant office building built in 1999; Recently renovated with state‑of‑the‑art building systems including HVAC, electrical, fire safety, and a building generator; Zoned PO‑3 (per listing) for flexibility for office and potential alternative use or conversion opportunities, subject to approvals
More about this property
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