33611 Warren RdWestland, MI 48185

Property Details for 33611 Warren Rd

Year built

1957

Lot size

0.17 AC

Property size (Sq ft)

2,289 SF

Property type

Medical offices

Property subtype

Medical centers

APN

56 033 02 0042 000

APU

56033020042000

Description

This Class A, 2,300 square foot mixed-use building in Westland, Michigan, is ideally situated on a high-traffic road at 33611 Warren Rd, zip code 48185. Currently configured as a medical facility, it boasts six exam rooms, medical offices, a lab, a spacious front office area, and a welcoming lobby. The building features recently resurfaced parking with 22 spaces, including two handicap-accessible spots, and a convenient dumpster area. Accessibility is ensured with a handicap-accessible entrance. The interior includes newer flooring and three bathrooms. A full basement offers ample storage space with partial finishes. Two furnaces (approximately 2000) ensure efficient climate control. All existing fixtures and furnishings are included in the sale. The roof was recently updated (2021-2023). Two entrances provide convenient access from both the front and rear of the building. The asking price is $335,000 ($145.65/sq ft). The property is available for occupancy on July 31, 2024. Potential buyers are responsible for conducting due diligence, including but not limited to: ALTA survey, title work, zoning review, environmental review, and lead testing.

• CAP approach

  CAP return

  Valuation

  6%

  $391,849

  6.5%

  $361,707

  7%

  $335,871

• Comparable approach

  Method

  Valuation

  Relative Method

  $214,113

  Geo Method

  $214,113

• Alternative Use

  Use

  Valuation

  Residential

  $448,517

  Hospitality

  $410,839

  Educational

  $341,813

  Medical

  $353,569

  Retail

  $531,709

Location Insight

City

Westland

County

Wayne

State

Michigan

Latitude

42.3389

Longitude

-83.3732

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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