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    31507 Plymouth Rd Livonia, MI 48150

    Sponsored
    For Sale
    $99,000

    INVESTMENT OPPORTUNITY – HIGH-VISIBILITY RETAIL SPACE!

    Property size:
    1,980 SF

    Description

    Added:
    Jan 13, 2025
    Days on Market:
    358
    **INVESTMENT OPPORTUNITY – HIGH-VISIBILITY RETAIL SPACE!** This 1,980 sq. ft. retail building on Plymouth Road (west of Merriman) boasts prime exposure with over 20,000 vehicles passing daily! **Priced to sell!** A great opportunity for investors or developers to transform this space and unlock its full potential. The roof requires replacement due to a hole, but repairs are manageable. With some TLC, this property offers incredible value—restore, renovate, and capitalize on its high-traffic location!

    Property Features for 31507 Plymouth Rd

    General Information

    Property type
    Other retail properties
    Investment Type
    owner-user
    Square Feet
    1,980 SF
    Price / Square Foot
    $50
    Class
    C
    Elevators
    N/A
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1928
    Buildings
    1
    Stories
    1

    HighLights

    • Property Type: Commercial Sub Type: Real Estate Only Listing Status: Active County/Area: Wayne County Zip Code: 48150 Year Built: 1928 Subdivision/Neighborhood: Rosedale Gardens No 1 School District: Livonia Sq.Ft.: 1,980 sq ft Stories: 1 Story Lot Size: 2178 sq ft lot Zoning: Commercial, Office Above Grade Finished Area: 1980 Building Area Source: Prior Listing Building Area Total: 1500 Construction Materials: Block, Vinyl Siding Cross Street: Plymouth Road; West of Merriman Current Search Price: 99000 Directions: Plymouth Road; West of Merriman Land Contract Down Payment Amount: 60000 Land Contract Interest Rate: 11 Land Contract Monthly Payment: 2000 Land Contract Term: 60 Levels: One Listing Service Offered: Accept Present Offers, Adviseon Offers, Arrange Appointments, Assistwith Counteroffers, Negotiatefor Seller Listing Terms: Cash, Contract, Conventional Lot Size Area: 0.05 Lot Size Units: Acres Main Type: Commercial Sale Originating System Name Lookup: Realcomp II Ltd Parcel Number: 46133010015000 Possession: At Close Protection Period: 180 Road Frontage Feet: 20 Road Frontage Type: Paved Settlement: City Sewer: Public Sewer Source System Name Lookup: Realcomp II Ltd Special Listing Conditions: Short Sale No, Standard State Equalized Value: 61000 Tax Amount Summer: 1330 Tax Amount Winter: 1067 Tax Annual Amount: 2397 Tax Assessed Value: 40043 Tax Other Annual Assessment Amount: 11 Tour URL Update Date: 2025‑01‑11T12:44:54.98‑05:00 Water Source: Public
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    State
    Michigan
    Longitude
    -83.353999
    Latitude
    42.368365

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    FAQs

    What type of property is this?
    Other retail property - INVESTMENT OPPORTUNITY – HIGH-VISIBILITY RETAIL SPACE!
    Where is this other retail property located?
    The property is located at 31507 Plymouth Rd Livonia, MI.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Property Type: Commercial Sub Type: Real Estate Only Listing Status: Active County/Area: Wayne County Zip Code: 48150 Year Built: 1928 Subdivision/Neighborhood: Rosedale Gardens No 1 School District: Livonia Sq.Ft.: 1,980 sq ft Stories: 1 Story Lot Size: 2178 sq ft lot Zoning: Commercial, Office Above Grade Finished Area: 1980 Building Area Source: Prior Listing Building Area Total: 1500 Construction Materials: Block, Vinyl Siding Cross Street: Plymouth Road; West of Merriman Current Search Price: 99000 Directions: Plymouth Road; West of Merriman Land Contract Down Payment Amount: 60000 Land Contract Interest Rate: 11 Land Contract Monthly Payment: 2000 Land Contract Term: 60 Levels: One Listing Service Offered: Accept Present Offers, Adviseon Offers, Arrange Appointments, Assistwith Counteroffers, Negotiatefor Seller Listing Terms: Cash, Contract, Conventional Lot Size Area: 0.05 Lot Size Units: Acres Main Type: Commercial Sale Originating System Name Lookup: Realcomp II Ltd Parcel Number: 46133010015000 Possession: At Close Protection Period: 180 Road Frontage Feet: 20 Road Frontage Type: Paved Settlement: City Sewer: Public Sewer Source System Name Lookup: Realcomp II Ltd Special Listing Conditions: Short Sale No, Standard State Equalized Value: 61000 Tax Amount Summer: 1330 Tax Amount Winter: 1067 Tax Annual Amount: 2397 Tax Assessed Value: 40043 Tax Other Annual Assessment Amount: 11 Tour URL Update Date: 2025-01-11T12:44:54.98-05:00 Water Source: Public
    (248) 225-5994
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31507 Plymouth Rd Livonia, MI 48150
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