Property profile

28711 8th Mile Rd Livonia, MI 48152

OFF-MARKET
Medical Office Space
Property ID
US43-0528914
9,867 SF 1.14 ac lot Built 1978
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office space, located at 28711 West 8 Mile Road in Livonia, Michigan, presents a unique leasing opportunity. The property is a single-tenant building totaling 9,895 square feet, with the available suite comprising 3,141 square feet. This updated space is ideally suited for a variety of medical practices, offering a ready-to-occupy environment. Situated in Wayne County, the building enjoys convenient access to major roadways, ensuring easy commutes for both patients and staff. Its proximity to Corewell Health in Farmington Hills further enhances its appeal and potential for referrals. The property's location in Livonia, Michigan, zip code 48152, provides excellent visibility and accessibility within a thriving community. The building's single-tenant occupancy offers a streamlined and efficient operational environment. This is a fantastic opportunity for a medical practice seeking a well-maintained, conveniently located, and readily available space to establish or expand their operations. The property is classified as an office building with a medical office subtype. Interested parties are encouraged to inquire for further details and scheduling a viewing.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1978
Construction BRICK
Total area 9,867 SF
Lot 1.14 ac (49,658 SF)
APN 46 002 02 0250 000
UPID US43-0528914

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
  • Physician
  • Physician
  • Government Office
  • Physician
  • Physician

Location

28711 8th Mile Rd Livonia, MI 48152-2040
Livonia metro Census 556100 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
by Request
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$430k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2012
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.4M +50.3%
Restaurant $1.0M +10.0%
Commercial (general) $1.0M +9.7%

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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