27437 6 Mile RdLivonia, MI 48154

Property Details for 27437 6 Mile Rd

Year built

1967

Construction

BRICK

Lot size

1.01 AC

Property size (Sq ft)

11,006 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

46 049 01 0150 002

APU

46049010150002

Description

This exceptional retail opportunity presents a 7,000 square foot building situated at 27437 6 Mile Road. Currently configured as a single suite, the property offers significant potential for a variety of retail uses. A substantial 4,000 square feet of space is immediately available for lease, representing a significant portion of the building's total area. The existing tenant occupies the front half of the building, providing established foot traffic and visibility. This strategic location offers excellent exposure and accessibility for a new business. The property is classified as retail, with a commercial subtype, indicating its suitability for a range of retail operations. The building's size and layout provide ample space for a variety of retail concepts, from smaller boutiques to larger-scale operations. The available space is ready for immediate occupancy, presenting a unique opportunity for businesses seeking a turnkey solution. The property's location on 6 Mile Road ensures high visibility and convenient access for customers. This is an ideal opportunity for a business looking to establish a strong presence in a thriving retail environment. The existing tenant's presence provides a built-in customer base and enhances the overall appeal of the location. Serious inquiries are encouraged to explore this promising retail investment. Contact us today to schedule a viewing and discuss leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $2,769,619

  6.5%

  $2,556,571

  7%

  $2,373,959

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,594,343

  Geo Method

  $2,594,343

• Alternative Use

  Use

  Valuation

  Residential

  $2,156,564

  Hospitality

  $1,975,401

  Educational

  $1,643,510

  Medical

  $1,700,033

  Retail

  $2,556,571

Location Insight

City

Livonia

County

Wayne

State

Michigan

Latitude

42.4125

Longitude

-83.3169

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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