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    28203 Plymouth Rd Livonia, MI 48150

    Sponsored
    For Sale
    $950,000

    Vacant Restaurant, Redevelopment Potential

    Property size:
    2,494 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,494 square foot vacant commercial property, located at 28203 Plymouth Road in Livonia, Michigan, presents a unique owner-user or redevelopment opportunity. The former Burger King site boasts a prime location along a high-traffic corridor, offering excellent visibility and accessibility. The property sits on a 0.93-acre lot and includes 49 parking spaces, ensuring ample customer parking. Built in 1968, the building is zoned C-2 General Business, allowing for a variety of potential uses. The asking price is $950,000, translating to $380.91 per square foot. The property features a drive-thru, a significant advantage for quick-service restaurants or similar businesses. Its strategic location provides quick access to Interstate 96 (169,100 vehicles per day), placing it within easy reach of a large customer base. The surrounding area features a major retail corridor and is close to significant employers, contributing to a strong demographic profile within a 5-mile radius. The property is offered fee simple, encompassing both land and building ownership (APN: 46 141 99 0007 000). This presents a compelling investment opportunity for those seeking a high-traffic location with redevelopment potential in a thriving commercial area. The property's history as a national quick-service restaurant (QSR) provides a solid foundation for future success.

    Property Features for 28203 Plymouth Rd

    General Information

    Property type
    Restaurants
    Square Feet
    2,494 SF
    Lot Size
    40,511 SF

    Building Details

    Year Built
    1968

    HighLights

    • Excellent redevelopment opportunity; 2,494 SF; C‑2 General Business zoning; former national QSR site.
    • Plymouth Road location; drive‑thru; I‑96 access (169,100 VPD).
    • Major retail corridor proximity; near major employers.
    • Strong demographics within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3212769
    Latitude
    42.3689469

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    FAQs

    What type of property is this?
    Restaurant - Vacant Restaurant, Redevelopment Potential
    Where is this restaurant located?
    The property is located at 28203 Plymouth Rd Livonia, MI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Excellent redevelopment opportunity; 2,494 SF; C-2 General Business zoning; former national QSR site.; Plymouth Road location; drive-thru; I-96 access (169,100 VPD).; Major retail corridor proximity; near major employers.
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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
    28203 Plymouth Rd Livonia, MI 48150
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