Versatile Office Building with Overhead
For Sale
$2,990,000
33510 Schoolcraft Rd, Livonia, MI 48154
Office building with 333' of frontage, 100% AC, and a 12' x 16' overhead door plus 99 dedicated parking spaces.
Property Size28,524 SF
Days on Market166
Property Features for 33510 Schoolcraft Rd
General Information
Standard status
Active
Size
28,524 SF
Class
B
Property subtype
Office
Building Details
Building Size
28,524 SF
Year Built
1978
Year Renovated
2010
Listing Agency:
P.A. Commercial
Listed By:
Peter H. Ventura
(248) 358-0100
Source:
Commercialcafe
Added: May 7
Changed: Oct 10
Last Checked: Oct 19 at 4:21AM
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 P.A. Commercial
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Investment Insights
Based on property information with market context.
This 28,524 SF office building is designed for versatility, combining high-visibility street frontage with practical operational features. The property includes 100% AC throughout, separate electrical services, and a 100 kW backup generator. Clear height reaches up to 14', and the building is equipped with a 12' x 16' overhead door, with prior use described as a compounding pharmacy space.
The building offers approximately 333' of frontage on Schoolcraft Rd and is located on the I-96 Service Drive with immediate freeway access. Parking is supported by 99 dedicated spaces, plus additional on-site parking as noted in the materials.
Zoned ML (Manufacturing Limited), the property is described as allowing a wide range of uses under the stated zoning, providing flexibility for suitable buyers evaluating office and medical-related adaptations.
The building offers approximately 333' of frontage on Schoolcraft Rd and is located on the I-96 Service Drive with immediate freeway access. Parking is supported by 99 dedicated spaces, plus additional on-site parking as noted in the materials.
Zoned ML (Manufacturing Limited), the property is described as allowing a wide range of uses under the stated zoning, providing flexibility for suitable buyers evaluating office and medical-related adaptations.
Key Highlights
- 28,524 SF versatile building with 333' of frontage on Schoolcraft Rd in Livonia’s high‑tech park
- ML (Manufacturing Limited) zoning with flexible use potential; formerly occupied by a compounding pharmacy
- 100% AC throughout with (7) separate electrical services and a 100 kW backup generator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,194
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,963,880
$2.0M
Cap Rate 7%
$1,402,771
$1.4M
Cap Rate 9%
$1,091,044
$1.1M
Market Conditions
NOI Build-Up for 28,524 SF
Gross rent
$171.1K $6.00/SF
− Vacancy
−$40.2K −$1.41/SF
EGI
$130.9K $4.59/SF
− OpEx
−$32.7K −$1.15/SF
NOI
$98.2K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,963,880
Cap Rate 7%
$1,402,771
Cap Rate 9%
$1,091,044
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,194 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.28M
$4.62M – $6.16M
NOI $369,671 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 48154, MI
37,864
Population
15,330
Households
2.5
Avg Household Size
47
Median Age
44%
College-Educated
95%
High-School Grad
11.6 sq mi
ZIP Area
3,264
Density / Sq Mi
$103,763
Median Household Income
$59,017
Median Earnings
$1,197
Median Rent
$285,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office building with 333' of frontage, 100% AC, and a 12' x 16' overhead door plus 99 dedicated parking spaces.
Where is this office building located?
The property is located at 33510 Schoolcraft Rd Livonia, MI.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: 28,524 SF versatile building with 333' of frontage on Schoolcraft Rd in Livonia’s high‑tech park; ML (Manufacturing Limited) zoning with flexible use potential; formerly occupied by a compounding pharmacy; 100% AC throughout with (7) separate electrical services and a 100 kW backup generator
