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    2514 Biddle Ave Wyandotte, MI 48192

    Sponsored
    For Sale
    $249,000

    Profitable Multi-Tenant Medical Office

    Property size:
    2,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully leased, multi-tenant medical office building located at 2514 Biddle Ave, Wyandotte, MI 48192. The property boasts a total of 2,100 square feet, with 1,050 square feet of net rentable space, currently generating a strong return. The building, constructed in 1950 and renovated in 2010, is classified as Class C and sits on a 0.09-acre lot. Conveniently located across from Henry Ford Hospital and just north of downtown Wyandotte, this property benefits from high visibility and excellent access to a thriving medical community. The building features four parking spaces for tenants and staff. The asking price is $249,000, translating to $118.57 per square foot. The property is zoned PD, offering flexibility for future development or expansion. This is a rare chance to acquire a well-maintained, income-producing medical office building in a prime location. The strong tenant occupancy and strategic location make this an attractive investment for discerning buyers seeking a stable and profitable asset in the growing Wyandotte market. The building's history of successful tenancy and its proximity to major medical facilities further enhance its investment potential. This property offers a compelling combination of location, income, and potential for future growth.

    Property Features for 2514 Biddle Ave

    General Information

    Property type
    Medical offices
    Square Feet
    2,100 SF
    Class
    C
    Lot Size
    3,920 SF

    Building Details

    Year Built/Renovated
    1950/2010
    Buildings
    1

    HighLights

    • 2,100 square feet available.
    • Fully leased multi‑tenant medical office building.
    • Four parking spaces.
    • Prime location across from Henry Ford Hospital, just north of downtown Wyandotte.
    • PD zoning.
    • Built in 1950, renovated in 2010.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wyandotte
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1488963
    Latitude
    42.2084222

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    FAQs

    What type of property is this?
    Medical office - Profitable Multi-Tenant Medical Office
    Where is this medical office located?
    The property is located at 2514 Biddle Ave Wyandotte, MI.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 2,100 square feet available.; Fully leased multi-tenant medical office building.; Four parking spaces.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2514 Biddle Ave Wyandotte, MI 48192
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