31395 7 Mile RdLivonia, MI 48152

Property Details for 31395 7 Mile Rd

Year built

1988

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property size (Sq ft)

8,768 SF

Property type

Office buildings

APN

46 042 99 0024 000

APU

46042990024000

Description

This 10,000 square foot office building, located at 31395 W Seven Mile Rd in Livonia, Michigan (zip code 48152), presents a fantastic leasing opportunity. Situated in Wayne County, this multi-tenant property offers a blend of traditional and executive office spaces. Currently, 1,700 square feet are available for lease, with one space measuring 500 square feet immediately ready for occupancy. The building enjoys a highly visible hard corner location, providing excellent exposure and accessibility. The property's total square footage is 10,000 square feet, indicating ample space for various business needs. This location offers convenient access to major roadways, making commuting easy for employees and clients. The building is ideal for businesses seeking a well-established presence in a thriving Livonia community. Interested parties are encouraged to inquire about lease terms and available space configurations. The property is classified as a traditional office building and also offers executive office suites, catering to a diverse range of business requirements. This is a prime opportunity to secure a well-located and versatile office space in a desirable area of Livonia.

• CAP approach

  CAP return

  Valuation

  6%

  $1,701,110

  6.5%

  $1,570,250

  7%

  $1,458,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $820,159

  Geo Method

  $820,159

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,050,530

  Retail / Commercial

  $1,572,310

  Mixed-Use / Specialty

  $1,573,020

  Hospitality / Lodging

  $1,162,300

  Institutional / Educational

  $1,637,560

  Residential Income

  $1,915,950

  Multifamily

  $2,262,870

  Automotive / Energy

  $1,403,630

  Parking / Income-Based Land

  $478,134

  Restaurant / Food Service

  $831,618

  Healthcare / Senior Housing

  $1,606,620

Location Insight

City

Livonia

County

Wayne

State

Michigan

Latitude

42.4261

Longitude

-83.3548

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].