Property profile

2514 Biddle Ave Wyandotte, MI 48192

OFF-MARKET
Office buildings
Property ID
US43-1348109
2,100 SF 0.09 ac lot Built 1950
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 2,100 SF
Lot 0.09 ac (3,920 SF)
APN 57 010 17 0005 004
UPID US43-1348109

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Foster Care Service Social Service Agency
  • Physician Medical Clinic
  • Physician
  • Counselor Mental Health Service
  • Foster Care Service Social Service Agency

Location

2514 Biddle Ave Wyandotte, MI 48192-7891
Wyandotte metro Census 580700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$95k

Owner & transaction history

since 2022
Last sale
$80,000
4 recorded transactions
2022
$80,000
2012
$80,000
2010
Price N/A
2004
$90,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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