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

    27531 Grand River St Livonia, MI 48152

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    Spacious industrial building, ample parking, ideal for various uses.

    Property size:
    8,875 SF

    Property Features for 27531 Grand River St

    General Information

    Property type
    Industrial properties
    Square Feet
    8,875 SF
    Lot Size
    27,878 SF

    Building Details

    Year Built
    1919

    We can help!

    Listing Contact
    David Misko

    Listing Agency: Van Esley Real Estate Inc Listing Agent: David Misko

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This expansive Livonia industrial property, encompassing 8,875 square feet, presents a remarkable opportunity for diverse commercial ventures. The main floor features a large, open activity hall, perfect for gatherings of over 200 people. A recently remodeled (2020) kitchen adds significant value and functionality. Two bathrooms conveniently located on the main floor enhance the space's practicality. Upstairs, a private area with a wet bar offers a versatile space for gatherings or additional office space. A bonus area provides ample storage solutions. Two additional bathrooms are located upstairs. The property also includes a substantial parking lot, accommodating 50 or more vehicles, identified by parcel ID 46001020046000, ensuring convenient access for patrons and employees. The property's adaptable layout makes it suitable for a wide range of uses, including places of worship, meeting halls, rental facilities, fitness studios, dance studios, or training centers. The property is available for viewing by appointment only
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial 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
    County
    Wayne
    State
    Michigan
    Longitude
    -83.31851
    Latitude
    42.44049

    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
    • $750,000
      6,225 SF

      Livonia Retail Building For Sale

      6,225 SF retail building in Livonia with high visibility.
      28663 Plymouth Rd, Livonia, MI 48150
      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

    FAQs

    What type of property is this?
    Industrial property - Spacious industrial building, ample parking, ideal for various uses.
    Where is this industrial property located?
    The property is located at 27531 Grand River St Livonia, MI.
    What is the asking price?
    The asking price for this property is $500,000.
    (734) 459-7570
    Request Owner's contact information
    27531 Grand River St Livonia, MI 48152
    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.
    27531 Grand River St
    Livonia, MI 48152
    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
    27531 Grand River St Livonia, MI 48152
    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
    David Misko
    Real Estate License ID: 6501351778
    (734) 459-7570 (248) 207-7388
    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!