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    OFF-MARKET Estimated value $760,000
    Medical Office Space

    36051 5th Mile Rd, Livonia, MI 48154-1931

    4,757 SF 1.43 ac lot Built 1996
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US43-1674406
    Property summary
    AI-generated overview

    This exceptional Livonia, Michigan medical office building presents a fantastic leasing opportunity. Located at 36051 Five Mile Rd, near Levan, this single-story, Class B building offers 4,993 square feet of space, with 2,500 square feet currently available for lease. Built in 2000 and renovated the same year, the property boasts a convenient single-level design. The available space is a former dental lab, featuring five offices and is easily accessible via elevator. The building is zoned for Office/Medical use and sits on 1.03 acres of land, providing ample parking with 50 spaces available for tenants and their clients. The building has a 600-amp power supply. Its prime location offers excellent visibility and proximity to St. Mary's Hospital, making it an ideal location for medical practices or related businesses. The minimum divisible space is 2,500 square feet, and the maximum contiguous space available is also 2,500 square feet. The building features two total suites. This property is perfect for a practice seeking a well-maintained, conveniently located space with excellent parking and visibility. Inquire today to learn more about this exceptional opportunity in the thriving Livonia market. The property is located in Wayne County, Michigan, zip code 48154.

    Property profile
    Verified
    Property type Medical Office Space
    Use group DENTAL BUILDING
    Year built 1996
    Total area 4,757 SF
    Lot 1.43 ac (62,291 SF)
    APN 46 077 99 0008 005
    UPID US43-1674406
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Livonia Dentistry Dental Office
    • David C. Slekovich DDS Dental Office
    • Dr. Wallin E. Mcminn, DDS Dental Office
    • Cynthia L. Sitchon DDS Dental Office
    • Dr. Mark Mortiere Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $770k
    Comparable Approach Comparable
    $641k
    Blend (final) Blend
    $760k
    Owner & transaction history
    Laxmiji LLC · 2 yrs held
    Laxmiji LLC
    since 2023
    Last sale
    $750,000
    1 recorded transaction
    2023
    $750,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $675,000 +50.3%
    Commercial (general) $490,000 +9.7%
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