Freestanding Retail Building with
29175 Plymouth Rd Livonia, MI 48150
29175 Plymouth Rd, Livonia, MI, 48150
$369,000
For Sale
$369,000
Freestanding C-2 building offers prime main road exposure and signage with flexible commercial and industrial use potential.
Property Size3,584 SF
Price / SF$102.96
Days on Market48
Property Features for 29175 Plymouth Rd
General Information
- Standard status
- Active
- Size
- 3,584 SF
- Property subtype
- Retail
Listing Agency
Lee & Associates of Michigan
(248) 567-8002
Listed by
Scott E. Lyons
(248) 567-8002
Source
Cpix.resimplifi
Added: Jun 1 Checked: Jul 17 at 2:19 am
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 Lee & Associates of Michigan
Investment Insights
Based on property information with market context.
This freestanding building offers approximately 3,584 square feet of retail-focused space with immediate occupancy possible. The property is positioned for strong visibility, featuring prime main road exposure and signage that can support walk-in retail and customer-facing uses. Zoned C-2, the site provides flexibility for a range of commercial and industrial applications.
The property is located on a main road, which helps reinforce its marketing and customer-access potential. Buyers and operators should note the listing indicates land contract terms are available, which may be useful depending on financing needs.
With its C-2 zoning and prominent roadside presence, the building is well suited for tenants seeking flexible use options rather than a highly specialized format. Because the remarks note many possible commercial and industrial uses, the space may work for a variety of operators looking to establish or expand in a highly visible, immediately accessible location.
The property is located on a main road, which helps reinforce its marketing and customer-access potential. Buyers and operators should note the listing indicates land contract terms are available, which may be useful depending on financing needs.
With its C-2 zoning and prominent roadside presence, the building is well suited for tenants seeking flexible use options rather than a highly specialized format. Because the remarks note many possible commercial and industrial uses, the space may work for a variety of operators looking to establish or expand in a highly visible, immediately accessible location.
Key Highlights
- +/- 3,584 SF freestanding building
- Zoned C‑2 with many possible commercial/industrial uses
- Prime main road exposure and signage
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 | $51.6k | $14.40 |
| − Vacancy | −$3.1k | −$0.86 |
| EGI | $48.5k | $13.54 |
| − OpEx | −$14.6k | −$4.06 |
| NOI | $34.0k | $9.48 |
3,584 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$485.1K
$424.5K – $566.0K
NOI $33,959 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$663.6K
$580.6K – $774.2K
NOI $46,449 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding C-2 building offers prime main road exposure and signage with flexible commercial and industrial use potential.
Where is this retail space located?
The property is located at 29175 Plymouth Rd Livonia, MI.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: +/- 3,584 SF freestanding building; Zoned C‑2 with many possible commercial/industrial uses; Prime main road exposure and signage
