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34412248
34412247

10982 Middlebelt Road, Livonia, MI 48150 For Sale

BS
MI 6​5​0​1​4​6​6​3​5​2
P.A. Commercial Corporate & Investment Real Estate
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate
$1,550,000
2 days on market
Updated 2 days ago

10982 Middlebelt Road

Details
Property Type Retail, Office
Sub Type Pharmacy/Drug, Storefront (+1)
Square Footage 9,710
Units 5
NOI $69,773
Occupancy 61%
Tenancy Multi
Price per SqFt $160
Class B
Year Built 1979
Year Renovated 2020
Buildings 1
Acreage 1.160
Zoning C-1
Parking Spaces 64 spaces
Parking per 1,000 SqFt 6.59
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No

9,710 SF Multi-tenant Healthcare Asset with Value-Add Upside in the Heart of Livonia

Marketing description

Positioned on a signalized 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.

Investment highlights

  • 9.710 SF medical office building investment
  • Anchored by stable healthcare tenants: Skin & Vein Center & George Iwannow Hearing Aid Center
  • Currently 61% occupied, the property offers immediate upside through lease-up of available suites
  • Up to 3,800 SF can be combined and occupied by a medical, office, or retail user
  • Ownership has invested over $350K of capital improvements in the last 6 years
  • High-traffic location in Livonia exceeding 34,000 vehicles per day, near major retailers & restaurants
  • Exceptional visibility & access with approximately 200 feet of frontage on Middlebelt Road
  • Large monument sign on Middlebelt Rd for brand visibility
  • Abundant parking for tenants and visitors

Listing Contacts

BS
MI 6​5​0​1​4​6​6​3​5​2
P.A. Commercial Corporate & Investment Real Estate
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,773.28
$5,814.44/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

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Additional Information

Name
Billy Stacy
License
6​5​0​1​4​6​6​3​5​2
Brokerage
P.A. Commercial
Brokerage Phone
2483580100
Title
Real Estate Broker
Brokerage Address
26555 Evergreen Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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