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    29200 Vassar St Livonia, MI 48152

    Sponsored
    For Sale
    Contact for pricing

    120,000 SF Office Building, Redevelopment Potential

    Property size:
    120,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 120,000-square-foot, eight-story Class C office building, located at 29200 Vassar Street in Livonia, Michigan (zip code 48152), presents a unique redevelopment opportunity. Situated on a 4.48-acre lot (C-4 zoning), this vacant property boasts 422 surface parking spaces. Originally constructed in 1972 and renovated in 2013, the building is a recast concrete structure built for the U.S. Government, potentially offering a strong structural foundation. The interior has been largely gutted to the steel and concrete, making it ideal for repurposing. A site plan was approved on September 20, 2017, for a senior living apartment and condominium project, with full engineering plans available upon request. Permitted uses under the C-4 zoning include office, retail, wholesale, hotel, senior living, nursing homes, healthcare facilities, religious institutions, cultural centers, educational facilities, childcare centers, academies, parking structures, and restaurants. The property is conveniently located across from the redeveloped Livonia Mall/marketplace, anchored by a Walmart Supercenter, Sears Appliance Repair, Kohl's, La Fitness, Planet Fitness, Petco, and Cantoro Italian Market & Trattoria. The City of Livonia actively supports redevelopment efforts with brownfield and other tax incentives.

    Property Features for 29200 Vassar St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    120,000 SF
    Class
    C
    Lot Size
    195,149 SF

    Building Details

    Year Built/Renovated
    1972/2013
    Stories
    8

    HighLights

    • 120,000 SF, eight‑story Class C office building.
    • 422 surface parking spaces.
    • ±15,000 SF open floor plates.
    • Parking lot paved in 2013.
    • Permitted uses include office, retail, wholesale, hotel, senior living, healthcare, and more.
    • Built in 1972, renovated in 2013; recast concrete structure, gutted for repurposing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walter H Czeizler ... Attorney Bartos Hoffer Lustig ... Accountant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3337239
    Latitude
    42.4303339

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    FAQs

    What type of property is this?
    Office Property / Space - 120,000 SF Office Building, Redevelopment Potential
    Where is this office property / space located?
    The property is located at 29200 Vassar St Livonia, MI.
    What are key features of this property?
    This property features: 120,000 SF, eight-story Class C office building.; 422 surface parking spaces.; ±15,000 SF open floor plates.
    (248) 563-0739
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    29200 Vassar St Livonia, MI 48152
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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
    29200 Vassar St Livonia, MI 48152
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