Four-Story Office
New
For Lease
$27,014,171 Modified Gross
20555 Victor Parkway, Livonia, MI 48152
A 10-year tenant renewal and modified gross lease structure are noted for this multi-level office property.
Space SizeContact for details
Days on Market2
Property Features for 20555 Victor Parkway
General Information
Standard status
Active
Property subtype
Office
Net Operating Income
$1,890,992
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Stories
4
Listing Agency:
Fortis Net Lease
Listed By:
Doug Passon · License #6502361821
(248) 254-3407
Source:
Fortisnetlease
Added: Oct 24
Last Checked: Oct 24 at 2:46PM
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 Fortis Net Lease
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Investment Insights
Based on property information with market context.
This 197,000-square-foot office building has four stories and was built in 1999. The tenant renewed for 10 years in September 2026 under a modified gross lease. A 30-year roof warranty runs through January 2049.
The property is in Victor Corporate Park in Livonia, off Interstate 275, with I-696, I-96, and M-5 also identified as nearby routes. Parking is available, with access to all building entrances.
The property is in Victor Corporate Park in Livonia, off Interstate 275, with I-696, I-96, and M-5 also identified as nearby routes. Parking is available, with access to all building entrances.
Key Highlights
- 197,000‑square‑foot, four‑story office building
- Tenant renewed for 10 years in September 2026
- Modified gross lease
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
Business Placement
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
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Market
Lease Benchmarks for Livonia, MI
$13.31 /SF/Yr
Avg Asking Price
$4.15–$19.95 /SF/Yr
Price Range
53,433 SF
Avg Space Size
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A 10-year tenant renewal and modified gross lease structure are noted for this multi-level office property.
Where is this office building located?
The property is located at 20555 Victor Parkway Livonia, MI.
What is the lease rate?
The lease rate is $27,014,171.
What are key features of this property?
This property features: 197,000‑square‑foot, four‑story office building; Tenant renewed for 10 years in September 2026; Modified gross lease
