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    Freestanding Retail Building on Middlebelt Title is generated by Realmo AI

    15282 Middlebelt Rd, Livonia, MI 48154

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    For Sale
    $399,000

    3,000 SF commercial building with prime frontage and open layout.

    Type:Commercial
    Property size:
    3,000 SF
    Price / SF:
    $133/SF
    Added:
    Apr 24, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 24 at 5:51 pm

    Property Features for 15282 Middlebelt Rd

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1961

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    Listing Contact
    Fadi Jarrous
    Fadi Jarrous

    Listing agent Fadi Jarrous

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Fadi Jarrous

    HighLights

    • Prime Middlebelt Rd frontage in Livonia offers excellent visibility and accessibility
    • Freestanding 3,000 sq ft building provides ample space and independence
    • Fully cleared interior is ready for build‑out, allowing customization for various uses
    • Ample parking available for customers and employees
    • Solid structure ensures durability and long‑term value
    • Immediate occupancy allows for quick business setup and operation

    Overview

    This is a freestanding 3,000 square foot commercial building located on Middlebelt Road in Livonia. Previously used as a bakery, the interior is wide-open and fully cleared out, making it ready for build-out to suit a variety of uses. The structure offers great visibility, ample parking, and flexible layout options. It is ideal for retail or specialty use. Immediate occupancy is available. The location has a walk score of 51, indicating it is somewhat walkable, and a bike score of 45, indicating it is somewhat bikeable.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $43.2k $14.40
    − Vacancy −$2.6k −$0.86
    EGI $40.6k $13.54
    − OpEx −$12.2k −$4.06
    NOI $28.4k $9.48
    3,000 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $406.1K
    $355.3K – $473.8K (±1% cap)
    NOI $28,426 @ 7.0% cap · market cap 7.12%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $555.4K
    $486.0K – $648.0K (±1% cap)
    NOI $38,880 @ 7.0% cap · market cap 9.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    West Fenkell Bakery Bakery

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Thrifty Florist — 29410 Five Mile Rd, Livonia, MI 48154

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3340436
    Latitude
    42.3975965

    FAQs

    What type of property is this?
    Storefront property - 3,000 SF commercial building with prime frontage and open layout.
    Where is this storefront property located?
    The property is located at 15282 Middlebelt Rd Livonia, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Prime Middlebelt Rd frontage in Livonia offers excellent visibility and accessibility; Freestanding 3,000 sq ft building provides ample space and independence; Fully cleared interior is ready for build‑out, allowing customization for various uses
    More about this property
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