5189 Venoy RdWayne, MI 48184

Property Details for 5189 Venoy Rd

Year built

1948

Lot size

0.68 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $524,520

  6.5%

  $484,172

  7%

  $449,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $286,607

  Geo Method

  $286,607

• Alternative Use

  Use

  Valuation

  Residential

  $600,374

  Hospitality

  $549,939

  Educational

  $457,543

  Medical

  $473,278

  Retail

  $711,733

Location Insight

City

Wayne

County

Wayne

State

Michigan

Latitude

42.271

Longitude

-83.3621

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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