28275 5th Mile Rd Livonia, MI 48154-3998
Property profile & analytics
28275 5th Mile Rd Livonia, MI 48154-3998
- Commercial real estate
- 3,960 SF
- 0.48 lot acres
Property ID
US43-0669947
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Livonia Urgent Care and Medical Center / Medical Clinic
- Dr. Kristen E. Kavanagh, DO / Pediatrician / Physician
- Koelzer Debra / Pediatrician / Physician
- Livonia Express Pharmacy / Pharmacy
Property Details for 28275 5th Mile Rd
- Year built
- 1973
- Construction
- BRICK
- Lot size
- 0.48 lot acres
- Property size
- 3,960 SF
- Property type
- Commercial real estate
- APN
- 46 093 02 0051 003
- APU
- 46093020051003
Description
This exceptional 3,960-square-foot medical office building in Wayne County presents a unique investment or leasing opportunity. Currently operating as an urgent care facility, the property is divisible into multiple suites, offering flexibility for various medical practices. Two main suites are available, one larger and one smaller, along with a smaller space suitable for a pharmacy. The entire 3,960 square feet is currently vacant and available for lease or sale. The minimum leasable space is 1,260 square feet, while the maximum contiguous space available is the entire building. Built in 1973, this Class B building sits on a sizable 0.49-acre lot, providing ample parking for patients and staff. A full basement extends throughout the entire building, offering additional storage or expansion potential. The property's location within a densely populated area ensures high visibility and accessibility for any medical practice. The current owner may consider relocating their practice to a smaller suite within the building, presenting a potential opportunity for a seamless transition. This property offers a compelling combination of size, location, and versatility, making it an ideal investment or space for a growing medical practice.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $415,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $785,000
- 6.5%
- $725,000
- 7%
- $670,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $633,000
- AI Estimate
- $633,000
Market price range: $244k - $634kMarket price range: $244k - $634k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $410,000 Current use
- OFFICE BUILDING
- $560,000 Change: +37% Conversion: Easy
- MEDICAL BUILDING
- $375,000 Change: -9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Livonia
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3233
- Latitude
- 42.3979
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,827
$0.00
$0.00
$282,200
-
$0.00
$0.00
$564,400
