Freestanding Medical
33433 6 Mile Road, Livonia, MI 48152
For Sale
New
$360,000
Single-story, C-1-zoned property includes reception, offices, and dedicated exam rooms for medical or professional use.
Property Size2,000 SF
Lot Size0.36 Acres
Price / SF$180
Days on Market2
Property Features for 33433 6 Mile Road
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Condition
Asking Price
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Construction
Tenancy
Listing Agency:
Keller Williams Paint Creek
Listed By:
Brock Bean · License #462328
Source:
Buskardgroup
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 2:06AM
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 Keller Williams Paint Creek
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Investment Insights
Based on property information with market context.
This freestanding medical office occupies a 2,004-square-foot, single-story masonry building renovated in 2022. Its interior includes a reception area, partitioned offices, and multiple exam rooms. The property is configured for a single tenant and is suited to medical or professional use.
The building sits on a 0.36-acre lot in Livonia, Michigan, with C-1 zoning and 15 surface parking spaces.
The building sits on a 0.36-acre lot in Livonia, Michigan, with C-1 zoning and 15 surface parking spaces.
Key Highlights
- 2,004‑square‑foot medical office building
- Renovated in 2022; single‑story masonry construction
- Reception area, partitioned offices, and multiple exam rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,061
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,220
$421.2K
Cap Rate 7%
$300,871
$300.9K
Cap Rate 9%
$234,011
$234.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$40.1K $20.04/SF
− Vacancy
−$5.0K −$2.49/SF
EGI
$35.1K $17.55/SF
− OpEx
−$14.0K −$7.02/SF
NOI
$21.1K $10.53/SF
Area
Wayne County, MI
Vacancy
12.42%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,220
Cap Rate 7%
$300,871
Cap Rate 9%
$234,011
Alternative Uses
Best Use
Healthcare Medical
$300.9K
$263.3K – $351.0K
NOI $21,061 @ 7.0% cap · market cap 5.85%
Second Best
Office B
$98.4K
$86.1K – $114.8K
NOI $6,885 @ 7.0% cap · market cap 1.91%
Theoretical Best
Specialty Retail
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Under-served
Demand for This Use
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
$284,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Wayne County, MI
Properties on Market for Medical Office Space in Wayne County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story, C-1-zoned property includes reception, offices, and dedicated exam rooms for medical or professional use.
Where is this medical office space located?
The property is located at 33433 6 Mile Road Livonia, MI.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,004‑square‑foot medical office building; Renovated in 2022; single‑story masonry construction; Reception area, partitioned offices, and multiple exam rooms
