2514 Biddle Ave, Wyandotte, MI 48192-7891
This exceptional investment opportunity presents a fully leased, multi-tenant medical office building located at 2514 Biddle Ave, Wyandotte, MI 48192. The property boasts a total of 2,100 square feet, with 1,050 square feet of net rentable space, currently generating a strong return. The building, constructed in 1950 and renovated in 2010, is classified as Class C and sits on a 0.09-acre lot. Conveniently located across from Henry Ford Hospital and just north of downtown Wyandotte, this property benefits from high visibility and excellent access to a thriving medical community. The building features four parking spaces for tenants and staff. The asking price is $249,000, translating to $118.57 per square foot. The property is zoned PD, offering flexibility for future development or expansion. This is a rare chance to acquire a well-maintained, income-producing medical office building in a prime location. The strong tenant occupancy and strategic location make this an attractive investment for discerning buyers seeking a stable and profitable asset in the growing Wyandotte market. The building's history of successful tenancy and its proximity to major medical facilities further enhance its investment potential. This property offers a compelling combination of location, income, and potential for future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.