15130-15146 Levan RLivonia, MI 48154

For Sale
$3,400,000

Prime Livonia location, high-yield medical office.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 24,678-square-foot medical office building, situated on a 3.745-acre lot in Livonia, Michigan, presents a compelling investment opportunity. Built in 1998, the single-story Class C building features a modern design and is ideally located directly across from Trinity Health/St. Mary Mercy Hospital, a major regional medical center. The property boasts 120 parking spaces and 568 feet of frontage on Levan Road. Currently housing eight medical tenants and two vacant units, this income-producing property offers significant upside potential through lease-up and renewals. The vacant space presents an opportunity for a user-investor seeking a location among established medical practices and in close proximity to a large hospital. The building includes a 5,000-square-foot basement serviced by an elevator. The property is zoned C1 - Local Business and has a Wayne County APN of 46-077-99-0014-000. Offered at $3,400,000 ($145.88/sq ft), this property is priced significantly below replacement cost. This is a rare opportunity to acquire a cash-flowing asset with substantial growth potential in a highly desirable medical corridor.

Highlights

  • First-time offering of a 24,678 SF medical office building.
  • Exceptional location directly across from Trinity Health/St. Mary Mercy Hospital.
  • Income-producing property with upside potential from lease-up of two vacant units.
  • Modern, single-story Class C building constructed in 1998.
  • Features a 5,000 SF basement with elevator access.
  • Priced at $3,400,000 ($145.88/SF), significantly below replacement cost.

Property Details for 15130-15146 Levan R

Property type
Other office properties, Medical offices
Square Feet
24,678 SF
Class
C
Year Built
1998
Stories
1
Lot Size (sq. ft)
163,132 SF

Location Insight

City
Livonia
County
Wayne
State
Michigan
Latitude
42.39387
Longitude
-83.4020544
15130-15146 Levan R, Livonia, Michigan

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15130-15146 Levan R
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