This exceptional 21,000-square-foot industrial property in Livonia, Michigan, presents a unique investment opportunity. Situated on a 1.41-acre lot, this extensively renovated building (2017) boasts a versatile layout ideal for a variety of uses. The property features a large sanctuary with seating for 275, a fully equipped commercial kitchen, perfect for catering or food-related businesses. In addition to the sanctuary, there are seven individual offices, eight classrooms, and a sizable gym/fellowship hall, offering significant flexibility for diverse operational needs. A children's playground is also included on the property. The building is equipped with an elevator for convenient multi-level access and features zero-grade access for ease of loading and unloading. Its strategic location provides unparalleled access to major transportation arteries, with convenient proximity to I-96 and I-275, ensuring seamless connectivity throughout Metro Detroit. This property is in excellent condition and ready for immediate occupancy, making it an attractive option for businesses seeking a well-maintained and versatile space in a highly desirable location. The asking price is $1,680,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$12,034,902
Hospitality
$11,023,905
Educational
$9,171,760
Medical
$9,487,191
Retail
$14,267,182
Location Insight
City
Livonia
County
Wayne
State
Michigan
Latitude
42.3836
Longitude
-83.3684
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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