Specialty Grocery
New
For Sale
$450,000
28893-28905 Plymouth Road, Livonia, MI 48150
The market includes two restrooms and a monument sign.
Property Size3,120 SF
Price / SF$144.23
Days on Market4
Property Features for 28893-28905 Plymouth Road
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Retail
Zoning
C-2
Amenities
Two Restrooms
Monument Sign
Building Details
Building Size
3,120 SF
Listing Agency:
Burger & Company
Listed By:
Michael Rose · License #6501308575
(248) 536-2888
Source:
Cpix.resimplifi
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:29AM
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 Burger & Company
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 3,120-square-foot specialty grocery property at 28893-28905 Plymouth Road in Livonia includes two restrooms and a monument sign. The site is zoned C-2. A duplex configuration is identified as a possibility.
Key Highlights
- 3,120‑square‑foot specialty market
- Two restrooms
- Monument sign
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,435
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,700
$808.7K
Cap Rate 7%
$577,643
$577.6K
Cap Rate 9%
$449,278
$449.3K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$56.2K $18.00/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$53.9K $17.28/SF
− OpEx
−$13.5K −$4.32/SF
NOI
$40.4K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,700
Cap Rate 7%
$577,643
Cap Rate 9%
$449,278
Alternative Uses
Best Use
Specialty Retail
$577.6K
$505.4K – $673.9K
NOI $40,435 @ 7.0% cap · market cap 8.99%
Second Best
Retail
$422.3K
$369.5K – $492.7K
NOI $29,563 @ 7.0% cap · market cap 6.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
269k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Target Grocery — 29451 Plymouth Rd, Livonia, MI 48150
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The market includes two restrooms and a monument sign.
Where is this grocery and convenience store located?
The property is located at 28893-28905 Plymouth Road Livonia, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,120‑square‑foot specialty market; Two restrooms; Monument sign
