33200 Capitol StLivonia, MI 48150
- Manufacturing properties
- 36,305 SF
Property Details for 33200 Capitol St
- Year built
- 1973
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.16 AC
- Property size (Sq ft)
- 36,305 SF
- Property type
- Manufacturing properties
- APN
- 46 107 01 0001 003
- APU
- 46107010001003
Description
This exceptional 3,500 square foot executive office suite is located at 33200 Capitol Street in Livonia, Michigan, within the Southern I-275 Corridor. Situated on a 2.16-acre lot, this free-standing, flex space building offers a bright and open layout, perfect for a variety of businesses. The suite is located on the second floor and boasts 20-foot ceilings. Built in 1973 and extensively renovated in 2020, the property features one loading dock and one dock-high door, catering to efficient logistics. The building's total square footage is 40,000 square feet, with a maximum contiguous space of 3,500 square feet currently available. The property is zoned for light industrial use (M-1) and has ample parking with 119 spaces available. The electrical service is robust, providing 1,000 amps at 240 volts, three-phase power. The property's Wayne County address is 33200 Capitol Street, Livonia, MI 48150 (APN: 46-107-01-0001-003). This is a full-gross lease opportunity with easy access to area expressways. The building is a two-story structure and is currently multi-tenant.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $13,683,700
- 6.5%
- $12,631,100
- 7%
- $11,728,900
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,433,550
- Geo Method
- $5,433,550
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $6,510,340
- Mixed-Use / Specialty
- $6,513,280
- Hospitality / Lodging
- $4,812,630
- Office
- $6,501,820
- Institutional / Educational
- $6,780,530
- Residential Income
- $7,933,220
- Multifamily
- $9,369,710
- Automotive / Energy
- $5,811,890
- Parking / Income-Based Land
- $1,979,780
- Restaurant / Food Service
- $3,443,420
- Healthcare / Senior Housing
- $6,652,430
Location Insight
- City
- Livonia
- County
- Wayne
- State
- Michigan
- Latitude
- 42.3731
- Longitude
- -83.3712
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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