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    OFF-MARKET
    Office Spaces

    36016 Mile, Livonia, MI 48154

    1,600 SF Built 1962
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1962
    Total area 1,600 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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