Financial
Distress signals
Property profile

35200 Schoolcraft Rd Livonia, MI 48150

FOR LEASE
Office buildings
Property ID
US43-1625202
17,873 SF 1.54 ac lot Built 1986
Last sale Jul 2021 · $1,375,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 17,872 square foot, single-story medical office building in Livonia, Michigan, offers multiple suites for lease, ranging from 950 to 7,322 square feet. Located at 35200 Schoolcraft Road, this property boasts a convenient location with easy access to I-96, ensuring excellent visibility and accessibility for patients and staff. The building is zoned C-1, Local Business, allowing for a variety of medical uses. Ample parking is available, providing convenient access to each

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$51k
Tax billed · 2023
Assessed value · 2024$933k
Effective rate5.52%

Value estimate

· Sep 2026
$1.80M
$1.62M – $1.97M
CAP approach$1.01M
Sales comparison$2.25M
NOI build-up
Gross scheduled income$107k
Vacancy & credit loss−$25k
Operating expenses−$21k
NOI · 512,700.00% cap applied$62k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$142/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$92 – $186

Cap rate analysis

How does the asset earn?
512,700.00%
$62k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant17.7
Hair Salon16.6
Spa & Massage15.9

Location

35200 Schoolcraft Rd Livonia, MI 48150
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 15 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
32080 Schoolcraft, Livonia, MI 48150-1811 $350,000 May 2024 7,728 SF
31300 Plymouth, Livonia, MI 48150-2127 $235,000 Jan 2024 2,925 SF
9424 Newburgh, Livonia, MI 48150-3429 $290,000 May 2022 1,828 SF
12016 Deering, Livonia, MI 48150-5319 $67,000 Nov 2019 2,550 SF
29820 Joy, Livonia, MI 48150-3911 $135,000 Oct 2018 1,073 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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