10982 Middlebelt RdLivonia, MI 48150

Property Details for 10982 Middlebelt Rd

Year built

1979

Construction

BRICK

Lot size

1.16 AC

Property size (Sq ft)

10,844 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

46 142 99 0019 005

APU

46142990019005

Description

This newly renovated 3,801 square foot medical office space in Wayne County's Middlebelt Square is currently available for lease as a single-tenant occupancy. The building offers a convenient and accessible location, situated approximately one mile south of I-96 and less than ten minutes west of I-275. This prime location within the western Metro Detroit suburbs provides excellent visibility and accessibility for patients and clients. The property is also conveniently located within walking distance of various amenities, including grocery stores, restaurants, and retail shops, enhancing the overall convenience and appeal for both tenants and their clientele. The space is perfect for a variety of medical or service-oriented businesses. The entire 3,801 square feet is currently vacant and ready for immediate occupancy. The building's recent renovation ensures modern and updated facilities, creating a professional and welcoming environment. This presents a unique opportunity for a business seeking a well-located, fully available, and recently updated space in a thriving suburban area. The single-tenant occupancy provides privacy and control over the entire space. This is an exceptional opportunity to establish or relocate your practice in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,728,852

  6.5%

  $2,518,940

  7%

  $2,339,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,556,156

  Geo Method

  $2,556,156

• Alternative Use

  Use

  Valuation

  Residential

  $2,124,820

  Hospitality

  $1,946,324

  Educational

  $1,619,319

  Medical

  $1,675,010

  Retail

  $2,518,940

Location Insight

City

Livonia

County

Wayne

State

Michigan

Latitude

42.3652

Longitude

-83.3322

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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