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    Freestanding Retail Building on Middlebelt Title is generated by Realmo AI

    15282 Middlebelt Road, Livonia, MI 48154

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    3,000 SF commercial building with frontage on Middlebelt Road.

    Type:Retail, Special Purpose
    Property size:
    3,000 SF
    Price / SF:
    $133/SF
    Added:
    Feb 12, 2026
    Days on Market:
    123
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 15282 Middlebelt Road

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Retail, Special Purpose

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    Listing Contact
    Fadi Jarrous

    Listing agent Fadi Jarrous License #MI

    Listing office CENTURY 21 Curran & Oberski Dearborn Heights

    Listing date Feb 12, 2026

    Source Crexi

    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 Dearborn Heights

    HighLights

    • Prime Middlebelt Rd frontage in Livonia
    • Freestanding 3,000 sq ft commercial building
    • Wide‑open interior, fully cleared out, ready for build‑out
    • Great visibility
    • Ample parking
    • Immediate occupancy available

    Overview

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

    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.
    Property Profile 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.

    Location Insight

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

    FAQs

    What type of property is this?
    Retail space - 3,000 SF commercial building with frontage on Middlebelt Road.
    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: Prime Middlebelt Rd frontage in Livonia; Freestanding 3,000 sq ft commercial building; Wide‑open interior, fully cleared out, ready for build‑out
    More about this property
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