Livonia Storefront
For Sale
Contact for pricing
33309 7 Mile Road, Livonia, MI 48152
A gross lease includes water, gas, and electric service.
Property Size5,120 SF
Price / SF$0.39
Days on Market16
Property Features for 33309 7 Mile Road
General Information
Standard status
Active
Size
5,120 SF
Property subtype
Commercial
Building Details
Year Built
1946
Listing Agency:
GoodHome Realty, LLC
Listed By:
Quinton Lemond
(248) 928-4992
Source:
Goodhomemi
Added: Oct 14
Changed: Oct 28
Last Checked: Oct 28 at 3:18PM
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 GoodHome Realty, LLC
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Investment Insights
Based on property information with market context.
This 5,120-SF storefront property in Livonia was built in 1946. The gross lease includes water, gas, and electric service. The property is located on 7 Mile Road, with access to major roads.
Key Highlights
- 5,120 SF property
- Built in 1946
- Gross lease includes water, gas, and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,513
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,260
$970.3K
Cap Rate 7%
$693,043
$693.0K
Cap Rate 9%
$539,033
$539.0K
Market Conditions
NOI Build-Up for 5,120 SF
Gross rent
$73.7K $14.40/SF
− Vacancy
−$4.4K −$0.86/SF
EGI
$69.3K $13.54/SF
− OpEx
−$20.8K −$4.06/SF
NOI
$48.5K $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%
$970,260
Cap Rate 7%
$693,043
Cap Rate 9%
$539,033
Alternative Uses
Best Use
Retail
$693.0K
$606.4K – $808.6K
NOI $48,513 @ 7.0% cap · market cap 2,425.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$947.9K
$829.4K – $1.11M
NOI $66,355 @ 7.0% cap · market cap 3,317.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Home Improvements & Furnishings 17%
Shops & Services 9%
Beauty & Spa 4%
McDonald's
Dining
23,563 visits/mo
0.2 miles
Hunt's Ace Hardware
Home Improvements & Furnishings
8,060 visits/mo
0.3 miles
BIGGBY COFFEE
Dining
5,615 visits/mo
0.2 miles
The UPS Store
Shops & Services
4,076 visits/mo
0.1 miles
Jet's Pizza
Dining
2,699 visits/mo
0.1 miles
Demographics for 48152, MI
31,098
Population
12,922
Households
2.4
Avg Household Size
47
Median Age
41%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
2,592
Density / Sq Mi
$89,019
Median Household Income
$50,614
Median Earnings
$1,293
Median Rent
$284,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Danny's Flowers & Gifts — livonia, mi 48152
Frequently Asked Questions
What type of property is this?
Storefront property - A gross lease includes water, gas, and electric service.
Where is this storefront property located?
The property is located at 33309 7 Mile Road Livonia, MI.
What are key features of this property?
This property features: 5,120 SF property; Built in 1946; Gross lease includes water, gas, and electric service
