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Renovated Plaza in Prime Location

30737 7 Mile Rd Livonia, MI 48152

Claim this Listing
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:
100
Last Refresh:
May 25 at 10:31 pm

Property Features for 30737 7 Mile Rd

General Information

Standard status
Active
Size
3,700 SF

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


Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Healthcare Medical

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 $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 Uses

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.

Property Analytics

Property Profile 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 Building Supply Law Firm Dental Office Barber Shop Computer & Electronic Repair HVAC Service Kitchen & Bath Showroom Carpet & Flooring Store Grocery & Convenience Store

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

Similar Off Market Nearby

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

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.
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