Property profile

36051 5th Mile Rd Livonia, MI 48154

OFF-MARKET
Medical Office Space
Property ID
US43-1674406
4,757 SF 1.43 ac lot Built 1996
Entity Owned 3-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

36051 5th Mile Rd Livonia, MI 48154-1931
Livonia metro Census 557901 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$770k
Comparable Approach Comparable
$641k
Blend (final) Blend
$765k

Owner & transaction history

since 2023
Last sale
$750,000
1 recorded transaction
2023
$750,000

Zoning & alternative use

Top alternative use upside
Office building $675,000 +50.3%
Commercial (general) $490,000 +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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