Freestanding Retail
For Sale
$399,000
15282 Middlebelt Road, Livonia, MI 48154
Open interior supports a new build-out for retail or specialty commercial use.
Property Size3,000 SF
Price / SF$133
Days on Market31
Property Features for 15282 Middlebelt Road
General Information
Standard status
Active
Size
3,000 SF
Building Details
Buildings
1
Listing Agency:
Century 21 Curran & Oberski
(313) 274-7200
Listed By:
Fadi Jarrous
(248) 795-3061
Source:
Brendaharrisgroup
Added: Sep 6
Changed: Oct 4
Last Checked: Oct 5 at 6:27PM
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 Century 21 Curran & Oberski
Investment Insights
Based on property information with market context.
This freestanding retail property at 15282 Middlebelt Road includes a 3,000-square-foot commercial building with an open interior that has been cleared for a new build-out. The space was previously used as a bakery and offers a flexible starting point for retail or specialty commercial occupancy.
The property has frontage on Middlebelt Road in Livonia, along with on-site parking and immediate occupancy availability. Its existing configuration allows a future occupant to plan the interior around its intended operation rather than adapting to an established layout.
The property has frontage on Middlebelt Road in Livonia, along with on-site parking and immediate occupancy availability. Its existing configuration allows a future occupant to plan the interior around its intended operation rather than adapting to an established layout.
Key Highlights
- 3,000‑square‑foot freestanding commercial building
- Middlebelt Road frontage in Livonia
- Interior cleared and ready for build‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,426
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,520
$568.5K
Cap Rate 7%
$406,086
$406.1K
Cap Rate 9%
$315,844
$315.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$43.2K $14.40/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$40.6K $13.54/SF
− OpEx
−$12.2K −$4.06/SF
NOI
$28.4K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,520
Cap Rate 7%
$406,086
Cap Rate 9%
$315,844
Alternative Uses
Best Use
Retail
$406.1K
$355.3K – $473.8K
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
NOI $38,880 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 26%
Home Improvements & Furnishings 8%
McDonald's
Dining
26,426 visits/mo
0.2 miles
Taco Bell
Dining
16,165 visits/mo
0.1 miles
Mobil
Shops & Services
14,794 visits/mo
0.1 miles
Burger King
Dining
11,620 visits/mo
0.2 miles
Los Tres Amigos
Dining
9,831 visits/mo
0.1 miles
Demographics for 48154, MI
37,864
Population
15,330
Households
2.5
Avg Household Size
47
Median Age
44%
College-Educated
95%
High-School Grad
11.6 sq mi
ZIP Area
3,264
Density / Sq Mi
$103,763
Median Household Income
$59,017
Median Earnings
$1,197
Median Rent
$285,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Open interior supports a new build-out for retail or specialty commercial use.
Where is this retail space located?
The property is located at 15282 Middlebelt Road 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: 3,000‑square‑foot freestanding commercial building; Middlebelt Road frontage in Livonia; Interior cleared and ready for build‑out
