36016 Mile, Livonia, MI 48154
This exceptional 1,600 square foot medical office building, located at 36016-36022 5 Mile Road in Livonia, Michigan, presents a unique investment opportunity. Currently vacant, this Class B building offers significant potential for immediate occupancy. Built in 1962, the property boasts 20 parking spaces, providing ample convenience for patients and staff. The building features a convenient individual entrance and excellent signage opportunities, ensuring high visibility. Its strategic location offers easy access to major thoroughfares including I-96, I-275, and M-14, enhancing accessibility for patients and employees. Furthermore, its proximity to Trinity Health and St. Mary Mercy Hospitals makes it an ideal location for medical professionals. The asking price of $239,000 represents a significant value, priced considerably below replacement cost, making this a compelling investment prospect. The property is zoned C-1, allowing for a variety of medical uses. This is a rare chance to acquire a well-situated medical office building in a thriving area of Livonia, Wayne County, Michigan, 48154.
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.