Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31507 Plymouth Rd Livonia, MI 48150

    Sponsored
    For Sale
    $99,000

    INVESTMENT OPPORTUNITY – HIGH-VISIBILITY RETAIL SPACE!

    Property size:
    1,980 SF

    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

    Overview

    High-Visibility Retail Investment Opportunity

    This 1,980 sq ft retail building, constructed in 1928, is located on Plymouth Road, west of Merriman, in Livonia. Situated in the Rosedale Gardens No 1 subdivision, the property benefits from high visibility, with over 20,000 vehicles passing daily. The building, featuring block and vinyl siding construction, is zoned for commercial and office use. The structure is a single-story layout. The lot size is 2,178 sq ft. Public sewer and water sources serve the property. The roof requires replacement due to a hole. The property is located in a city settlement. The road frontage is 20 feet of paved road. The property's parcel number is 46133010015000.

    We can help!

    Listing Contact
    Jonathan Farida

    Learn more

    Property Insight Report

    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
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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

    Nearby Similar for Sale

    • $750,000
      5,222 SF

      Livonia Industrial Building For Sale

      Commercial building with M-1 zoning and outside storage.
      31411 8 Mile Rd, Livonia, MI 48152
      View Details
    • $850,000
      4,000 SF

      Redevelopment Opportunity on Ann Arbor

      Redevelopment opportunity on Ann Arbor Rd, Livonia.
      38165 Ann Arbor Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      19,210 SF

      Renovated Office/Medical Building For Sale

      Renovated office/medical building with direct suite entrances and tenant-controlled HVAC.
      34441 W 8 Mile Rd, Livonia, MI 48152
      View Details
    • Contact for pricing
      14,874 SF

      Renovated Office/Medical Building For Sale

      Renovated office/medical building with suite entrances and direct climate control.
      16801 Newburgh Rd, Livonia, MI 48154
      View Details
    • $499,000

      Retail Building on Busy 8 Mile

      3,781 SF retail building with high traffic exposure.
      16301 W 8 Mile Rd, Livonia, MI 48235
      View Details
    • $369,000
      3,584 SF

      Freestanding Building on Plymouth Road

      3,584 SF building with C-2 zoning and main road exposure.
      29175 Plymouth Rd, Livonia, MI 48150
      View Details
    • $50,000

      Established Ice Cream Shop Opportunity

      Turnkey ice cream shop with established customer base for sale.
      27726 Plymouth Rd, Livonia, MI 48150
      View Details
    • $950,000
      Pending

      Livonia Commercial Property For Sale

      Commercial property with banquet hall, bar, restaurant, and commercial kitchen.
      31117 Plymouth Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      30,000 SF

      Renovated Office/Medical Suites Available

      Professionally managed office/medical suites with tenant-controlled HVAC, near I-275 & I-96.
      37701-37785 Pembroke Ave, Livonia, MI 48152
      View Details
    • Contact for pricing
      19,968 SF

      Renovated Office/Medical Building For Sale

      Renovated office/medical building with suite entrances and HVAC control.
      37651-37695 Pembroke Ave, Livonia, MI 48152
      View Details
    • Contact for pricing
      20,000 SF

      Livonia Office Space For Sale

      Single-story office building with direct suite entry in Livonia.
      37601-37649 Pembroke St, Livonia, MI 48152
      View Details
    • $125,000

      Profitable Dry Cleaner Business Opportunity

      Turnkey dry cleaner business with high cash flow in Livonia.
      15260 Middlebelt Rd, Livonia, MI 48154
      View Details

    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
    Request Owner's contact information
    31507 Plymouth Rd Livonia, MI 48150
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31507 Plymouth Rd
    Livonia, MI 48150
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jonathan Farida
    (248) 225-5994
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!