Livonia Retail Building For
For Sale
Contact for pricing
28663 Plymouth Road, Livonia, MI 48150
6,225 SF retail building in Livonia with investment potential.
Property Size6,225 SF
Price / SF$120.48
Days on Market365
Property Features for 28663 Plymouth Road
General Information
Standard status
Active
Size
6,225 SF
Property subtype
Retail
Building Details
Year Built
1955
Buildings
1
Stories
1
Units
4
Listing Agency:
Gerdom Realty & Investment
Listed By:
Bill McLeod · License #MI
(248) 242-6766
Source:
Crexi
Added: Oct 30, 2025
Changed: Oct 25
Last Checked: Oct 28 at 6:05AM
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 Gerdom Realty & Investment
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,225 square foot retail building in Livonia presents an opportunity for investors or owner-users. The property is divided into four units of equal size. Three units are currently leased to established tenants. One unit is owner-occupied and will be vacated upon sale, providing flexibility for occupancy or lease. The building is located on Plymouth Road, east of Middlebelt Road, offering visibility and accessibility. Proximity to I-96 and I-275 provides convenient access to major freeways. The location is suitable for various retail or service businesses.
Key Highlights
- High‑traffic location on Plymouth Road with excellent visibility.
- 6,225 SF retail building with four equal‑sized units.
- Three units currently leased to established tenants, providing immediate income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,983
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,660
$1.2M
Cap Rate 7%
$842,614
$842.6K
Cap Rate 9%
$655,367
$655.4K
Market Conditions
NOI Build-Up for 6,225 SF
Gross rent
$89.6K $14.40/SF
− Vacancy
−$5.4K −$0.86/SF
EGI
$84.3K $13.54/SF
− OpEx
−$25.3K −$4.06/SF
NOI
$59.0K $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%
$1,179,660
Cap Rate 7%
$842,614
Cap Rate 9%
$655,367
Alternative Uses
Best Use
Retail
$842.6K
$737.3K – $983.1K
NOI $58,983 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,676 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
269k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Superstores 37%
Shops & Services 8%
Electronics 2%
Target
Superstores
98,854 visits/mo
0.4 miles
Chick-fil-A
Dining
50,808 visits/mo
0.4 miles
McDonald's
Dining
28,260 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
19,782 visits/mo
0.4 miles
BIGGBY COFFEE
Dining
7,577 visits/mo
0.3 miles
Demographics for 48150, MI
26,573
Population
10,724
Households
2.5
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
12.1 sq mi
ZIP Area
2,196
Density / Sq Mi
$94,058
Median Household Income
$50,779
Median Earnings
$1,328
Median Rent
$228,600
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
Frequently Asked Questions
What type of property is this?
Retail space - 6,225 SF retail building in Livonia with investment potential.
Where is this retail space located?
The property is located at 28663 Plymouth Road Livonia, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑traffic location on Plymouth Road with excellent visibility.; 6,225 SF retail building with four equal‑sized units.; Three units currently leased to established tenants, providing immediate income.
