15130-15146 Levan R, Livonia, MI 48154
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.