You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Medical Office Space

4811 Venoy Rd Wayne, MI 48184

8,347 SF 1.38 ac lot Built 1972
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US43-0065764
Property summary
AI-generated overview

This exceptional 8,294 square foot medical office building presents a unique owner-user opportunity in Wayne, Michigan. Located directly across from Corewell Hospital, this strategically positioned property offers unparalleled access to a substantial patient base. The building, constructed in 1975 and extensively renovated in 2024, boasts a single story, encompassing a total of 8,294 net rentable square feet. The property is classified as Class B and is zoned OS, allowing for a variety of medical and related uses. The building's recent renovation ensures modern, efficient spaces ready for immediate occupancy, with an anticipated occupancy date of November 19, 2024. This is an ideal investment for medical professionals seeking a high-visibility location with convenient access to a major hospital. The asking price for this turnkey operation is $1,300,000. The property's prime location, coupled with its recent renovation and proximity to Corewell Hospital, makes it an exceptional investment opportunity for owner-users seeking a thriving medical practice environment. This single-building property offers a rare chance to acquire a well-maintained, updated medical office space in a high-demand area. Broker co-op is available.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1972
Total area 8,347 SF
Lot 1.38 ac (60,113 SF)
APN 55 023 99 0013 000
UPID US43-0065764
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$630k
Blend (final) Blend
$660k
Owner & transaction history
Venoy W LLC · 4 yrs held
Venoy W LLC
since 2022
Last sale
$700,000
3 recorded transactions
2022
$700,000
2012
Price N/A
2005
$640,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $915,000 +12.9%
Retail stores $895,000 +10.4%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message