10982-10992 Middlebelt Rd - Medical FOR SALE


Livonia, MI 48150
$1,550,000 USD
248-331-0202
10982-10992 Middlebelt Rd, Livonia, MI for Sale
$1,550,000 USD
Medical - FOR SALE
1/10
null | 4.5% Cap Rate

10982-10992 Middlebelt Rd
Livonia, MI 48150


HIGHLIGHTS

  • 9.710 SF medical office building investment
  • Anchored by stable healthcare tenants: Skin & Vein Center & George Iwanow Hearing Aid Center
  • Currently 61% occupied, the property offers immediate upside through lease-up of available suites
  • Ownership has invested over $350K of capital improvements in the last 6 years
  • Up to 3,801 SF can be combined and occupied by a medical, office, or retail user
  • High-traffic location in Livonia exceeding 34,000 vehicles per day, near major retailers & restaurants

OVERVIEW

Positioned on a hard corner along one of Livonia’s most heavily traveled commercial corridors, 10982–10992 Middlebelt Road presents a compelling value-add medical office investment with owner-user flexibility. This 9,710 SF multi-tenant medical building is currently 61% occupied by two established healthcare tenants, generating stable in-place income while offering significant upside through lease renewals, occupancy growth, and rental rate optimization. The property benefits from exceptional visibility with approximately 34,273 vehicles passing daily, a prominent monument sign, and immediate access to I-96 and the Southern I-275 Corridor. Surrounded by major national retailers, restaurants, and service providers, the location serves as a well-established healthcare destination within the heart of Livonia. Ownership has invested more than $350,000 in capital improvements over the past six years, creating a well-maintained asset with minimal near-term capital requirements. Approximately 3,800 SF of available space can be combined to accommodate an owner-user or leased to medical, office, or retail tenants, providing multiple avenues for value creation. With strong demographics, abundant parking, and future leasing opportunities, this offering presents an attractive opportunity for investors seeking stable cash flow with upside potential or medical users looking to establish a presence in a premier Livonia location.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Middlebelt Square Shopping Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

C2

APN/PARCEL ID

46-142-99-0019-005

ASK ABOUT THIS PROPERTY

Mike GunnP.A. Commercial, LLCMore Info
248-331-0202

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Mike GunnP.A. Commercial, LLCMore Info
248-331-0202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.