13909 Pennsylvania RdRiverview, MI 48193

Property Details for 13909 Pennsylvania Rd

Year built

2001

Lot size

0.85 AC

Property size (Sq ft)

6,468 SF

Zone code

B3-GEN

Property type

Office buildings

APN

51 001 99 0001 714

APU

51001990001714

Description

This exceptional Class B office building, located at 13909 Pennsylvania Road in Riverview, Michigan, presents a unique investment opportunity. Built in 2003, the property boasts a total of 43,560 square feet, with 6,800 square feet currently available for lease or sale. The building is ideally suited for executive office or medical office use, offering a versatile space to accommodate a variety of business needs. Its strategic location in Wayne County, near the intersection of Fort Street (with over 50,000 vehicles per day), provides excellent visibility and accessibility. The property benefits from a high-traffic location, situated directly across from a Lowe's home improvement store and in close proximity to other major retailers including Meijer, Walgreens, and a new Kroger Marketplace. This ensures high foot traffic and convenient access for clients and employees. The building currently generates income from two occupied suites, with one additional suite available for immediate occupancy, making it an attractive option for both investors and businesses seeking a ready-to-use space. The zip code is 48193. This property offers a blend of established income and growth potential in a thriving retail corridor. The available space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,163,593

  6.5%

  $1,074,086

  7%

  $997,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $605,017

  Geo Method

  $605,017

• Alternative Use

  Use

  Valuation

  Residential

  $1,331,866

  Hospitality

  $1,219,982

  Educational

  $1,015,011

  Medical

  $1,049,919

  Retail

  $1,578,906

Location Insight

City

Riverview

County

Wayne

State

Michigan

Latitude

42.1844

Longitude

-83.1931

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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