Freestanding Retail Building with
For Sale
$369,000
29175 Plymouth Rd, Livonia, MI 48150
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 Market138
Property Features for 29175 Plymouth Rd
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Retail
Zoning
C-2
Building Details
Building Size
3,584 SF
Listing Agency:
Lee & Associates of Michigan
Listed By:
Scott E. Lyons
(248) 567-8002
Source:
Cpix.resimplifi
Added: Jun 1
Changed: Oct 9
Last Checked: Oct 16 at 5:53AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,959
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,180
$679.2K
Cap Rate 7%
$485,129
$485.1K
Cap Rate 9%
$377,322
$377.3K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$51.6K $14.40/SF
− Vacancy
−$3.1K −$0.86/SF
EGI
$48.5K $13.54/SF
− OpEx
−$14.6K −$4.06/SF
NOI
$34.0K $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%
$679,180
Cap Rate 7%
$485,129
Cap Rate 9%
$377,322
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
454k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 58%
Dining 34%
Shops & Services 6%
Electronics 2%
Walmart
Superstores
162,921 visits/mo
0.3 miles
Target
Superstores
98,854 visits/mo
0.2 miles
Chick-fil-A
Dining
50,808 visits/mo
0.3 miles
McDonald's
Dining
28,260 visits/mo
0.3 miles
Chili's Grill & Bar
Dining
19,782 visits/mo
0.2 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
