Listing Agency: Colliers - Royal Oak/Detroit, Michigan

Listed By: Barry Swatsenbarg · License #6501294779

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 3:01PM

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Investment Insights

Based on property information with market context.

This industrial property at 31478 Industrial Road in Livonia, Michigan, contains 96,786 square feet. The asset is offered for sale and is associated with a reported 9.05% capitalization rate.

Key Highlights

• 96,786 SF industrial property
• Reported 9.05% CAP
• Located at 31478 Industrial Road, Livonia, MI 48331

Property Analytics

Property Profile

Current Use

Express Portable Toilets ... Building Supply Thriving Minds Psychotherapist XFER Communications Inc IT Consulting Firm Ford distribution center Warehouse & Storage Carlton-Bates Corporate Office

Suggested Use

Top Pick Restaurant Real Estate Agency Hair Salon Nail Salon Spa & Massage Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

780

Businesses Nearby

Explore this area Business Placement

Demographics for 48331, MI

22,091

Population

9,297

Households

2.4

Avg Household Size

46

Median Age

67%

College-Educated

97%

High-School Grad

9.3 sq mi

ZIP Area

2,375

Density / Sq Mi

$121,101

Median Household Income

$64,255

Median Earnings

$1,743

Median Rent

$383,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - Substantial industrial asset offered for sale with a reported capitalization rate.

Where is this industrial property located?

The property is located at 31478 Industrial Road Livonia, MI.

What are key features of this property?

This property features: 96,786 SF industrial property; Reported 9.05% CAP; Located at 31478 Industrial Road, Livonia, MI 48331