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    FOR SALE
    Office buildings

    13909 Pennsylvania Rd, Riverview, MI 48193

    6,468 SF 0.85 ac lot Built 2001
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-4989035
    Property summary
    AI-generated overview

    This exceptional Class B office building, located at 13909 Pennsylvania Road in Riverview, Michigan, presents a unique investment opportunity. Built in 2003, the property boasts a total of 43,560 square feet, with 6,800 square feet currently available for lease or sale. The building is ideally suited for executive office or medical office use, offering a versatile space to accommodate a variety of business needs. Its strategic location in Wayne County, near the intersection of Fort Street (with over 50,000 vehicles per day), provides excellent visibility and accessibility. The property benefits from a high-traffic location, situated directly across from a Lowe's home improvement store and in close proximity to other major retailers including Meijer, Walgreens, and a new Kroger Marketplace. This ensures high foot traffic and convenient access for clients and employees. The building currently generates income from two occupied suites, with one additional suite available for immediate occupancy, making it an attractive option for both investors and businesses seeking a ready-to-use space. The zip code is 48193. This property offers a blend of established income and growth potential in a thriving retail corridor. The available space is ready for immediate occupancy.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2001
    Total area 6,468 SF
    Lot 0.85 ac (37,026 SF)
    Zoning code B3-GEN
    APN 51 001 99 0001 714
    UPID US43-4989035
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $649k
    Blend (final) Blend
    $650k
    Owner & transaction history
    13909 Pennsylvania LLC · 2 yrs held
    13909 Pennsylvania LLC
    since 2023
    2 recorded transactions
    2023
    2008
    $534,000
    Zoning & alternative use
    B3-GEN · Riverview, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $785,000 +38.6%
    Medical building $610,000 +7.3%
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    More about this property
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