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    4811 Venoy Rd Wayne, MI 48184

    Sponsored
    For Sale
    $1,300,000

    8,294 SF Medical Office - Owner/User

    Property size:
    8,294 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,294 square foot medical office building presents a unique owner-user opportunity in Wayne, Michigan. Located directly across from Corewell Hospital, this strategically positioned property offers unparalleled access to a substantial patient base. The building, constructed in 1975 and extensively renovated in 2024, boasts a single story, encompassing a total of 8,294 net rentable square feet. The property is classified as Class B and is zoned OS, allowing for a variety of medical and related uses. The building's recent renovation ensures modern, efficient spaces ready for immediate occupancy, with an anticipated occupancy date of November 19, 2024. This is an ideal investment for medical professionals seeking a high-visibility location with convenient access to a major hospital. The asking price for this turnkey operation is $1,300,000. The property's prime location, coupled with its recent renovation and proximity to Corewell Hospital, makes it an exceptional investment opportunity for owner-users seeking a thriving medical practice environment. This single-building property offers a rare chance to acquire a well-maintained, updated medical office space in a high-demand area. Broker co-op is available.

    Property Features for 4811 Venoy Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,294 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1975/2024
    Buildings
    1
    Stories
    1

    HighLights

    • 8,294 SF medical office building in Wayne, MI, owner‑user opportunity.
    • Located across from Corewell Hospital.
    • Single‑story building, renovated in 2024, 8,294 net rentable square feet.
    • Class B, OS zoning, ready for immediate occupancy (November 19, 2024).
    • Asking price: $1,300,000.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3623203
    Latitude
    42.2726402

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    FAQs

    What type of property is this?
    Individual retail property - 8,294 SF Medical Office - Owner/User
    Where is this individual retail property located?
    The property is located at 4811 Venoy Rd Wayne, MI.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 8,294 SF medical office building in Wayne, MI, owner-user opportunity.; Located across from Corewell Hospital.; Single-story building, renovated in 2024, 8,294 net rentable square feet.
    Request Owner's contact information
    4811 Venoy Rd Wayne, MI 48184
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    Wayne, MI 48184
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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
    4811 Venoy Rd Wayne, MI 48184
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