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    38165 Ann Arbor Rd Livonia, MI 48150

    Sponsored
    For Sale
    $925,000

    High-traffic C-2 zoned convenience store

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,000 square foot retail property, situated on a 0.92-acre lot in Livonia, Michigan's bustling C-2 General Business District, presents a prime redevelopment opportunity. Located at 38165 Ann Arbor Rd, this Class C building boasts an advantageous location with high visibility and accessibility, benefiting from an annual average daily traffic count of 42,637 vehicles. Its strategic positioning provides convenient access to major thoroughfares, including I-275 and I-96, ensuring significant exposure to a large customer base. The property is currently configured as a convenience store, QSR/fast food establishment, and storefront, offering versatility for various redevelopment projects. The asking price is $925,000, translating to $231.25 per square foot. The property's zoning allows for a wide range of commercial uses, making it an attractive investment for entrepreneurs and developers seeking a high-potential location. Rent bumps are permitted, adding further value to this promising investment. This is a for sale by owner opportunity. Don't miss this chance to acquire a valuable asset in a thriving commercial area. The property's zip code is 48150, and it's located in Wayne County.

    Property Features for 38165 Ann Arbor Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,000 SF
    Class
    C
    Lot Size
    40,075 SF

    HighLights

    • 4,000 square feet of available space
    • 0.92‑acre lot
    • C‑2 General Business zoning
    • Redevelopment potential
    • 42,637 AADT
    • I‑275 and I‑96 access
    Property Profile Location Intelligence

    Current Use by Public Records

    Washing Well Cleaners Laundromat Club Value Cleaners ... Dry Cleaner N2Funding& Investments Financial Institution

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4180901
    Latitude
    42.3603024

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic C-2 zoned convenience store
    Where is this individual retail property located?
    The property is located at 38165 Ann Arbor Rd Livonia, MI.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: 4,000 square feet of available space; 0.92-acre lot; C-2 General Business zoning
    Request Owner's contact information
    38165 Ann Arbor Rd Livonia, MI 48150
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    Livonia, MI 48150
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38165 Ann Arbor Rd Livonia, MI 48150
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