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    FOR LEASE
    Strip malls

    10982 Middlebelt Rd, Livonia, MI 48150

    10,844 SF 1.16 ac lot Built 1979
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US43-1030405
    Property summary
    AI-generated overview

    This newly renovated 3,801 square foot medical office space in Wayne County's Middlebelt Square is currently available for lease as a single-tenant occupancy. The building offers a convenient and accessible location, situated approximately one mile south of I-96 and less than ten minutes west of I-275. This prime location within the western Metro Detroit suburbs provides excellent visibility and accessibility for patients and clients. The property is also conveniently located within walking distance of various amenities, including grocery stores, restaurants, and retail shops, enhancing the overall convenience and appeal for both tenants and their clientele. The space is perfect for a variety of medical or service-oriented businesses. The entire 3,801 square feet is currently vacant and ready for immediate occupancy. The building's recent renovation ensures modern and updated facilities, creating a professional and welcoming environment. This presents a unique opportunity for a business seeking a well-located, fully available, and recently updated space in a thriving suburban area. The single-tenant occupancy provides privacy and control over the entire space. This is an exceptional opportunity to establish or relocate your practice in a highly desirable location.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1979
    Construction BRICK
    Total area 10,844 SF
    Lot 1.16 ac (50,530 SF)
    APN 46 142 99 0019 005
    UPID US43-1030405
    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
    Current use
    Occupant on record · Public records
    • George Iwanow Hearing Aid Centers Hearing Aid Store Audiologist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $911k
    Blend (final) Blend
    $910k
    Owner & transaction history
    Livonia Medical Ventures LLC · 6 yrs held
    Livonia Medical Ventures LLC
    since 2019
    4 recorded transactions
    2021
    2019
    2015
    $563,280
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.1M +30.1%
    Commercial (general) $1.1M +28.4%
    Medical building $1.0M +18.4%
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    More about this property
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