19711 Middlebelt RdLivonia, MI 48152
- Retail space
- 9,900 SF
Property Details for 19711 Middlebelt Rd
- Year built
- 1974
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.79 AC
- Property size (Sq ft)
- 9,900 SF
- Property type
- Retail space
- APN
- 46 008 01 0485 008
- APU
- 46008010485008
Description
This exceptional 10,000-square-foot flex space in Livonia, Wayne County, presents a unique opportunity for businesses seeking a strategic location and versatile footprint. The property, situated on 0.8 acres, is currently entirely vacant and ready for immediate occupancy. Its adaptable design caters to a variety of uses, including retail, manufacturing, distribution, and warehouse operations. The building offers ample on-site parking, ensuring convenient access for employees and customers. Its prime location in Livonia provides easy access to major highways, benefiting from the area's strong business environment and supportive community. The property's strategic position offers unparalleled connectivity and growth opportunities, particularly given its proximity to key transportation routes. Furthermore, significant improvements are planned for 2024, including a complete roof replacement, enhancing the long-term value and functionality of the building. This single-tenant property is ideal for a business seeking a flexible and well-located space to expand or establish its operations. The combination of size, location, and planned improvements makes this an attractive investment opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,491,298
- 6.5%
- $2,299,660
- 7%
- $2,135,398
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,333,636
- Geo Method
- $2,333,636
-
Alternative Use
- Use
- Valuation
- Residential
- $1,939,849
- Hospitality
- $1,776,891
- Educational
- $1,478,353
- Medical
- $1,529,196
- Retail
- $2,299,660
Location Insight
- City
- Livonia
- County
- Wayne
- State
- Michigan
- Latitude
- 42.4324
- Longitude
- -83.3369
- 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
FAQs
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