Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5189 Venoy Rd Wayne, MI 48184-2545

    • Medical offices
    • 3,064 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 26, 2024
    Location Intelligence
    Property ID
    US43-1319876
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 5189 Venoy Rd

    Year built
    1948
    Lot size
    0.68 lot acres
    Property size
    3,064 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    55 023 99 0016 701
    APU
    55023990016701

    Description

    This exceptional single-tenant office building, located at 5189 Venoy Rd in Wayne, Michigan, presents a unique investment opportunity. The property boasts a total of 2,314 square feet, with 1,892 square feet currently vacant and ready for immediate occupancy. Built in 1948, this one-story Class C building offers convenient access and ample parking with 12 spaces available. The property is zoned B-1 - Business Limited, providing flexibility for a variety of uses. Its strategic location directly across from Beaumont Hospital Wayne offers significant advantages for medical practices or businesses seeking proximity to a major healthcare facility. The interior features 1-2 small exam rooms or offices, perfect for a medical practice or other professional services. Additional amenities include a well-appointed kitchenette and a dedicated meeting/conference room, enhancing functionality and convenience. The property's APN is 55-023-99-0016-701, and the zip code is 48184. This is an excellent opportunity to acquire a well-situated office building in a thriving Wayne County location. Don't miss this chance to secure a prime space with high visibility and immediate occupancy potential.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3621
    Latitude
    42.271
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,536
    $0.00
    $0.00
    $104,400
    -
    $0.00
    $0.00
    $208,800

    Comparable in this City

    • Value Estimation by Request
      25,675 SF

      4020 Venoy Rd

      MEDICAL BUILDING • 25,675 SF
      4020 Venoy Rd, Wayne, MI 48184-1869
      View Details
    • Value Estimation by Request
      2,915 SF

      4491 Venoy Rd

      MEDICAL BUILDING • 2,915 SF
      4491 Venoy Rd, Wayne, MI 48184-2530
      View Details
    • Value Estimation
      $645,000
      8,347 SF

      4811 Venoy Rd

      MEDICAL BUILDING • 8,347 SF
      4811 Venoy Rd, Wayne, MI 48184-2675
      View Details
    • Value Estimation by Request
      5,186 SF

      3106 Wayne Rd

      MEDICAL BUILDING • 5,186 SF
      3106 Wayne Rd, Wayne, MI 48184-1221
      View Details
    • Value Estimation by Request
      2,653 SF

      2901 Newburgh Rd

      MEDICAL BUILDING • 2,653 SF
      2901 Newburgh Rd, Wayne, MI 48184-1001
      View Details
    • Value Estimation by Request
      2,314 SF

      32320 Michigan Ave

      MEDICAL BUILDING • 2,314 SF
      32320 Michigan Ave, Wayne, MI 48184-1423
      View Details

    Similar Nearby for Sale

    • $1,300,000
      8,294 SF

      Prime Wayne Medical Office Building

      8,294 SF Medical Office - Owner/User
      4811 Venoy Rd, Wayne, MI 48184
      View Details
    • $160,000
      1,792 SF

      Downtown Wayne Office Building For Sale

      Two-story, 1,792 SF building with high visibility and growth potential.
      34905 E Michigan Ave, Wayne, MI 48184
      View Details
    • $150,000

      Downtown Wayne Commercial/Office Building

      Commercial/office building in downtown Wayne, suitable for various businesses.
      3143 S Wayne Rd, Wayne, MI 48184
      View Details
    • $1,700,000
      16,000 SF

      Wayne Commercial Building For Sale

      Commercial building in Wayne, MI, near I-275 and Ford factory.
      3757 Commerce Ct, Wayne, MI 48184
      View Details
    • $215,000

      Downtown Wayne Commercial/Office Opportunity

      Commercial/office building in downtown Wayne with parking.
      3151 S Wayne Rd, Wayne, MI 48184
      View Details
    • New
      $549,900
      6,240 SF

      Updated Office Building on Wayne

      Turnkey office building with modern interior and excellent location.
      4621 S Wayne Rd, Wayne, MI 48184
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,294 SF

      Medical Office Space For Lease

      Medical office space for lease near Corewell Health Wayne Hospital.
      4811 Venoy Rd, Wayne, MI 48184
      View Details
    • $12 SF/Yr
      23,264 SF

      Prime Wayne County Office Space

      Executive Suites, High Visibility, I-275 Corridor
      35100-35350 Michigan Ave, Wayne, MI 48184
      View Details
    • $12 SF/Yr
      5,924 SF

      Downtown Wayne Office Space Available

      Well-maintained office complex with Michigan Avenue frontage in Downtown Wayne.
      35100 E Michigan Ave, Wayne, MI 48184
      View Details
    • $1,200 /Mo

      Downtown Wayne Office Space Available

      1200 sq ft office space for lease in Wayne.
      32508 Michigan Ave, Wayne, MI 48184
      View Details
    • $2,500 /Mo
      2,000 SF

      Move-In Ready Office Space

      2,000 SF office space with ample parking and signage.
      48225 Michigan Ave, Canton, MI 48184
      View Details
    • $399 /Mo

      Freestanding Office Building For Lease

      Office building with high visibility and ample parking available for lease.
      34841 Veterans Plz, Wayne, MI 48184
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5189 Venoy Rd
    Wayne, MI 48184-2545
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.