14710 Plymouth RdDetroit, MI 48227

Property Details for 14710 Plymouth Rd

Year built

1962

Lot size

0.53 AC

Property size (Sq ft)

27,977 SF

Zone code

B4

Property type

Day care centers & nurseries

APN

22006026-36

APU

2200602636

Description

This exceptional Detroit investment opportunity presents a 27,977 square foot, mixed-use property situated on a 0.53-acre lot at 14710 Plymouth Road, in Wayne County, Michigan, 48227. The property, built in 1962 and featuring two stories, currently boasts 100% occupancy. The ground floor comprises a thriving daycare center, a beauty salon, and a vacant deli space. All existing furniture and equipment are included in the sale, excluding business names. The second floor houses 22 residential units—20 one-bedroom and 2 two-bedroom apartments—all currently leased month-to-month, providing immediate income generation. Recent upgrades include newer windows, refrigerators, and air conditioning units in all apartments. The property also includes 22 parking spaces. This diverse commercial property offers significant upside potential for investors seeking a strong return on investment. The asking price is $2,000,000. Showings are by appointment only. Please do not contact tenants or employees.

• CAP approach

  CAP return

  Valuation

  6%

  $5,687,884

  6.5%

  $5,250,355

  7%

  $4,875,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,009,514

  Geo Method

  $3,009,514

• Alternative Use

  Use

  Valuation

  Residential

  $6,660,296

  Hospitality

  $6,100,796

  Educational

  $5,075,790

  Medical

  $5,250,355

  Retail

  $7,895,674

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.373

Longitude

-83.1894

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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