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    Renovated Plaza in Prime Location Title is generated by Realmo AI

    30737 7 Mile Rd, Livonia, MI 48152

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    For Sale
    $650,000

    Turnkey, renovated plaza suitable for various professional businesses.

    Property size:
    3,700 SF
    Price / SF:
    $175/SF
    Added:
    Apr 3, 2026
    Days on Market:
    55
    Last Refresh:
    May 25 at 10:31 pm

    Property Features for 30737 7 Mile Rd

    General Information

    Standard status
    Active
    Size
    3,700 SF

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    Listing Contact
    Al Abdallah

    Listing agent Al Abdallah

    Listing office EXP Realty Main

    Listing date Apr 3, 2026

    Source Exprealty

    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 EXP Realty Main

    HighLights

    • Prime location in a residential neighborhood near Merriman.
    • Turnkey condition with recent renovations including a new roof.
    • Suitable for multiple businesses or a large single office space.
    • Equipped with 11 patient rooms and 4 additional rooms.
    • Includes 30 parking spaces and main road exposure.
    • Handicapped accessible with updated HVAC systems.

    Overview

    This renovated plaza, situated in a prime location near Merriman and in the middle of a residential neighborhood, is suitable for doctors, pharmacists, lawyers, lenders, title companies, pediatricians, or other professionals. The 3,700-square-foot building is in turnkey condition and ready for business. It features potentially 3-4 separate suites, making it suitable as one large medical office or multiple businesses. The building includes 11 patient rooms, an additional 4 rooms for a separate business, an admin area, 2 front desks, and a large waiting room. It also has multiple private offices, 2 employee kitchen areas, newer paint, flooring, lights, and furniture. The property is handicapped accessible and includes 30 parking spaces and main road exposure. It has 2 separate updated furnaces and central air. The building has a new roof.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $432.9K
    NOI $38,963 @ 9.00% cap · cautious / downside scenario
    Moderate
    $556.6K
    NOI $38,963 @ 7.00% cap · market / base-case scenario
    Aggressive
    $779.3K
    NOI $38,963 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $74.1k $20.04
    − Vacancy −$9.2k −$2.49
    EGI $64.9k $17.55
    − OpEx −$26.0k −$7.02
    NOI $39.0k $10.53
    3,700 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $556.6K
    $487.0K – $649.4K (±1% cap)
    NOI $38,963 @ 7.0% cap · market cap 5.99%
    Second Best
    Office B
    $182.0K
    $159.2K – $212.3K (±1% cap)
    NOI $12,737 @ 7.0% cap · market cap 1.96%
    Theoretical Best
    Specialty Retail
    $685.0K
    $599.4K – $799.2K (±1% cap)
    NOI $47,952 @ 7.0% cap · market cap 7.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Village Medical Clinic Medical Clinic Dr. Robert S. ... Alternative Medicine Practice Ciemiega Jan Employment Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Petco Vaccination Clinic 29560 W Seven Mile Rd, Livonia, MI 48152

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3501517
    Latitude
    42.42636

    FAQs

    What type of property is this?
    Medical Office Space - Turnkey, renovated plaza suitable for various professional businesses.
    Where is this medical office space located?
    The property is located at 30737 7 Mile Rd Livonia, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime location in a residential neighborhood near Merriman.; Turnkey condition with recent renovations including a new roof.; Suitable for multiple businesses or a large single office space.
    More about this property
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