- For Sale $1,795,000
- Property Type Office
- Property Size 18,301 SF
- Cap Rate % 5.7
- Parking Spaces Avail. 116
- Parking Ratio 6.34 / 1,000 SF
- Date Updated Jun 19, 2026
Description
- $1,795,000 list price · $98.08/SF · 5.7% cap on in-place NOI
- 18,301 SF two-building medical and general office park
- $248,643 in-place annual rental income
- Three long-tenured tenants (17-36 years): ADCS Clinics, University Physicians Group, Himm Family Dentistry
- All leases include 3% annual escalators
- 6,530 SF contiguous value-add vacancy (35.7% of building)
- Stabilized NOI $214,000 post lease-up (+109%)
- Free and clear ownership · Seller land contract financing available
- 116 parking spaces (6.3 per 1,000 SF)
- Year built 1988 · Modified Gross lease structure
- Located on Newburgh Road just south of Six Mile
- Direct I-275 and I-96 access
- Adjacent to Heritage Square, Busch’s, Walgreens, Rite Aid, Big Boy
- 235,000+ residents within 5 miles · $100,000+ avg household income
- Multiple exit paths: hold, lease up, or owner-user conversion
False
Contacts
Philip A. Wojtowicz
Team CORE
Kevin N. Tamer
Team CORE
Samuel A. McLean
Team CORE
Location
Located at 16824-16845 Newburgh Rd., Livonia, MI 48154, this property is part of the Golf View Meadows neighborhood and Detroit market.
Contact 16824-16845 Newburgh Rd.
