37643 6 Mile RdLivonia, MI 48154

Property Details for 37643 6 Mile Rd

Year built

1985

Lot size

1.46 AC

Property size (Sq ft)

10,206 SF

Property type

Turn key restaurants

APN

46 069 99 0001 023

APU

46069990001023

Description

This exceptional 2,936 square foot retail end-cap space is ideally situated in Livonia, Michigan, at 37643 Six Mile Road, zip code 48154, within Wayne County. The single-story building boasts high-end finishes throughout and offers excellent visibility with 38,274 daily passing motorists on Six Mile Road. The property features ample parking with 80 spaces available. Its C-2 General Business zoning allows for a variety of commercial uses. This prime location provides immediate access to major freeways including I-275, I-96, and M-14, ensuring convenient access for customers and employees. The surrounding area is thriving, with numerous restaurants, hotels, shopping centers, and other businesses creating a vibrant commercial environment. This end-cap space presents a unique opportunity for businesses seeking high visibility and convenient access to a dense population base. The property is located on the south side of Six Mile Road, just west of Newburgh Road, offering easy ingress and egress. This is a turnkey solution for a business looking to establish or expand its presence in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,568,302

  6.5%

  $2,370,740

  7%

  $2,201,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,405,766

  Geo Method

  $2,405,766

• Alternative Use

  Use

  Valuation

  Residential

  $1,999,808

  Hospitality

  $1,831,813

  Educational

  $1,524,047

  Medical

  $1,576,462

  Retail

  $2,370,740

Location Insight

City

Livonia

County

Wayne

State

Michigan

Latitude

42.4107

Longitude

-83.416

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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