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    15130-15146 Levan R Livonia, MI 48154

    Sponsored
    For Sale
    $3,400,000

    Prime Livonia location, high-yield medical office.

    Property size:
    24,678 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 24,678-square-foot medical office building, situated on a 3.745-acre lot in Livonia, Michigan, presents a compelling investment opportunity. Built in 1998, the single-story Class C building features a modern design and is ideally located directly across from Trinity Health/St. Mary Mercy Hospital, a major regional medical center. The property boasts 120 parking spaces and 568 feet of frontage on Levan Road. Currently housing eight medical tenants and two vacant units, this income-producing property offers significant upside potential through lease-up and renewals. The vacant space presents an opportunity for a user-investor seeking a location among established medical practices and in close proximity to a large hospital. The building includes a 5,000-square-foot basement serviced by an elevator. The property is zoned C1 - Local Business and has a Wayne County APN of 46-077-99-0014-000. Offered at $3,400,000 ($145.88/sq ft), this property is priced significantly below replacement cost. This is a rare opportunity to acquire a cash-flowing asset with substantial growth potential in a highly desirable medical corridor.

    Property Features for 15130-15146 Levan R

    General Information

    Property type
    Medical offices
    Square Feet
    24,678 SF
    Class
    C
    Lot Size
    163,132 SF

    Building Details

    Year Built
    1998
    Stories
    1

    HighLights

    • First‑time offering of a 24,678 SF medical office building.
    • Exceptional location directly across from Trinity Health/St. Mary Mercy Hospital.
    • Income‑producing property with upside potential from lease‑up of two vacant units.
    • Modern, single‑story Class C building constructed in 1998.
    • Features a 5,000 SF basement with elevator access.
    • Priced at $3,400,000 ($145.88/SF), significantly below replacement cost.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4020544
    Latitude
    42.39387

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    FAQs

    What type of property is this?
    Medical office - Prime Livonia location, high-yield medical office.
    Where is this medical office located?
    The property is located at 15130-15146 Levan R Livonia, MI.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: First-time offering of a 24,678 SF medical office building.; Exceptional location directly across from Trinity Health/St. Mary Mercy Hospital.; Income-producing property with upside potential from lease-up of two vacant units.
    Request Owner's contact information
    15130-15146 Levan R Livonia, MI 48154
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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
    15130-15146 Levan R Livonia, MI 48154
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