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Property profile & analytics

28275 5th Mile Rd Livonia, MI 48154-3998

  • Commercial real estate
  • 3,960 SF
  • 0.48 lot acres
OFF-MARKET
Last Sale
Apr 28, 2025
$455,000
Value Estimations
$555,000
Show details
Cap Rate Potential
Location Intelligence
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.

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
    Market price range: $244k - $634k
    AI Estimate
    $633,000
    Market 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 valuation — 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
More about this property
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