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    18400 Livernois St Detroit, MI 48221

    For Lease
    $22 SF/Yr

    Detroit medical office space for lease

    Lot size:
    16,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This single-story, 16,080-square-foot medical office building in Detroit's University District offers a unique investment opportunity. Located at 18400 Livernois, near 7 Mile Rd, this Class B property boasts 6 suites, with 6,480 square feet currently vacant, divisible down to 808 square feet. Built in 1996 and extensively renovated in 2024, the building features updated building systems, infrastructure, and signage. A new parking lot is planned for completion in 2024, adding to the existing 66 spaces. The property sits on a 1.11-acre lot and is zoned B2. Its prime location in the University District, south of the Avenue of Fashion and anchored by a multinational healthcare company, provides excellent visibility and access to a thriving community. The area offers numerous amenities, including parks, cultural attractions, and educational institutions. This is an ideal location for health and medical service providers seeking to establish or expand their practice in a vibrant and convenient setting. The Wayne County property (APN: 02-00436-786) presents a chance to secure a prominent position in a rapidly developing area of Detroit. The building offers the potential for a single tenant to occupy up to 6,480 contiguous square feet.

    Property Features for 18400 Livernois St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,080 SF
    Class
    B
    Total Rate
    29480

    Building Details

    Year Built/Renovated
    1996/2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    18470 Livernois
    Size
    808 SF
    Rate per SF
    $22

    HighLights

    • 800 - 6,480 SF of divisible medical office space available for lease.
    • Located in Detroit's University District on Livernois, near 7 Mile Rd, anchored by a multinational healthcare company.
    • Recently renovated (2024) 16,080 SF Class B medical office building with updated systems and infrastructure.
    • New parking lot planned for completion in 2024, adding to existing 66 spaces; modernized building facade.
    • Flexible suite delivery: white box or customized build‑outs; monument and building signage 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
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.140950470947
    Latitude
    42.42722416658

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    FAQs

    What type of property is this?
    Medical office - Detroit medical office space for lease
    Where is this medical office located?
    The property is located at 18400 Livernois St Detroit, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 800 - 6,480 SF of divisible medical office space available for lease.; Located in Detroit's University District on Livernois, near 7 Mile Rd, anchored by a multinational healthcare company.; Recently renovated (2024) 16,080 SF Class B medical office building with updated systems and infrastructure.
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    Detroit, MI 48221
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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
    18400 Livernois St Detroit, MI 48221
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