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    OFF-MARKET
    Office Spaces

    15130-15146 Levan R, Livonia, MI 48154

    24,678 SF 3.75 ac lot Built 1998
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office Spaces
    Year built 1998
    Total area 24,678 SF
    Lot 3.75 ac (163,132 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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