Freestanding Retail
15282 Middlebelt Road Livonia, MI 48154
15282 Middlebelt Road, Livonia, MI, 48154
$399,000
For Sale
$399,000
Freestanding commercial building with wide-open interior and ample parking, offering immediate availability for retail or specialty build-out.
Property Size3,000 SF
Price / SF$133
Days on Market163
Property Features for 15282 Middlebelt Road
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing agency
Century 21 Curran & Oberski
(248) 795-3061
Listed by
Fadi Jarrous
(248) 795-3061
Source
Phgrealty
Added: Feb 10 Updated: Jul 22 at 11:22AM Checked: Jul 22 at 11:22AM
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.
Freestanding commercial building with approximately 3,000 sq ft of wide-open interior space that has been cleared out and is ready for build-out to suit a variety of uses. The property was previously used as a bakery, and the structure is described as solid.
Located on Middlebelt Road with prime frontage in Livonia. The building is marketed with great visibility and ample parking, supporting straightforward customer access.
The interior configuration is flexible, with an open layout intended to accommodate different retail or specialty use concepts. Immediate occupancy is available.
Located on Middlebelt Road with prime frontage in Livonia. The building is marketed with great visibility and ample parking, supporting straightforward customer access.
The interior configuration is flexible, with an open layout intended to accommodate different retail or specialty use concepts. Immediate occupancy is available.
Key Highlights
- Freestanding 3,000 SF commercial building built in 1961 on Middlebelt Rd in Livonia
- Wide‑open interior that is fully cleared out and ready for build‑out to suit a variety of uses
- Previously used as a bakery, offering a flexible commercial layout for retail or specialty use
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
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
West Fenkell Bakery
Bakery
Similar For Sale Nearby
Similar Off Market Nearby
- Thrifty Florist — 29410 Five Mile Rd, Livonia, MI 48154
FAQs
What type of property is this?
Storefront property - Freestanding commercial building with wide-open interior and ample parking, offering immediate availability for retail or specialty build-out.
Where is this storefront property 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: Freestanding 3,000 SF commercial building built in 1961 on Middlebelt Rd in Livonia; Wide‑open interior that is fully cleared out and ready for build‑out to suit a variety of uses; Previously used as a bakery, offering a flexible commercial layout for retail or specialty use
