Two-Unit Storefront
For Sale
$500,000
32011 & 32013 Plymouth Rd, Livonia, MI 48150
Includes an office-oriented suite with a service counter, stock area, overhead door, and two bathrooms.
Property Size2,760 SF
Price / SF$181.16
Days on Market47
Property Features for 32011 & 32013 Plymouth Rd
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Commercial
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$4,818
Building Details
Building Size
2,760 SF
Year Built
1960
Buildings
2
Listing Agency:
Van Esley Real Estate Inc
Listed By:
David D Misko · License #6501351778
(734) 459-7570
Source:
Elliman
Added: Sep 15
Changed: Oct 29
Last Checked: Oct 30 at 2:50PM
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 Van Esley Real Estate Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Livonia property includes storefront space at 32011 and 32013 Plymouth Road, with 2,760 square feet across the buildings. The 32011 space was previously used as a contractor’s office and includes a service counter, stock area, overhead door, and two bathrooms. The 32013 storefront is occupied by Liberty Tax, which has operated there for 12 years and is committed through at least 4/30/29.
A city-owned and maintained public parking lot is located next door. The property was built in 1960 and has a Walk Score of 51, described as somewhat walkable, along with a Bike Score of 53, described as bikeable.
A city-owned and maintained public parking lot is located next door. The property was built in 1960 and has a Walk Score of 51, described as somewhat walkable, along with a Bike Score of 53, described as bikeable.
Key Highlights
- 2,760 square feet across storefront buildings at 32011 and 32013 Plymouth Road
- 32013 Plymouth Road is occupied by Liberty Tax through at least 4/30/29
- 32011 includes a service counter, stock area, overhead door, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,152
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,040
$523.0K
Cap Rate 7%
$373,600
$373.6K
Cap Rate 9%
$290,578
$290.6K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$39.7K $14.40/SF
− Vacancy
−$2.4K −$0.86/SF
EGI
$37.4K $13.54/SF
− OpEx
−$11.2K −$4.06/SF
NOI
$26.2K $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%
$523,040
Cap Rate 7%
$373,600
Cap Rate 9%
$290,578
Alternative Uses
Best Use
Retail
$373.6K
$326.9K – $435.9K
NOI $26,152 @ 7.0% cap · market cap 5.23%
Second Best
Office B
$135.7K
$118.8K – $158.4K
NOI $9,501 @ 7.0% cap · market cap 1.90%
Theoretical Best
Specialty Retail
$511.0K
$447.1K – $596.2K
NOI $35,770 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Includes an office-oriented suite with a service counter, stock area, overhead door, and two bathrooms.
Where is this storefront property located?
The property is located at 32011 & 32013 Plymouth Rd Livonia, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,760 square feet across storefront buildings at 32011 and 32013 Plymouth Road; 32013 Plymouth Road is occupied by Liberty Tax through at least 4/30/29; 32011 includes a service counter, stock area, overhead door, and 2 bathrooms
