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15550 Haggerty Rd Plymouth, MI 48170

Grocery and convenience stores Google Maps
18,990 SF 6.27 ac lot Built 2010
Entity Owned 10-yr Hold Free & Clear
Estimated value (blended)
$2.36M
Range $2.12M – $2.59M (±10%)
Property ID US43-3804911

Property summary

AI-generated overview

This exceptional 2.15-acre parcel, located at 15550 Haggerty Road in Plymouth, Michigan (Wayne County, zip code 48170), presents a unique investment opportunity. The property boasts a prime location on a busy thoroughfare, with a B1 - Commercial zoning designation, allowing for diverse development options. Ideal uses include medical, hospital, office, or retail spaces, catering to a strong and dense demographic. Alternatively, the site is also well-suited for hotel or multi-family residential development. This high-growth area experiences over 24,000 vehicles per day, providing excellent visibility and accessibility. The property's strategic location is further enhanced by its proximity to significant landmarks, including a new 36,000 square foot medical/office building under construction next door, The Inn at St. John's (a AAA Four Diamond Hotel), Bosch, Schoolcraft College, Oasis Golf Center, St. Joe's Stadium, and established businesses such as Kroger, McDonald's, and Cantoro's Italian Market. With a population of 195,000 within a five-mile radius, this site offers substantial potential for significant return on investment. The property is offered fee simple with APN 77 052 99 0025 001. This is a build-to-suit, ground lease, or outright purchase opportunity.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2010
Total area 18,990 SF
Lot 6.27 ac (273,121 SF)
Zoning code B-1
APN 77 052 99 0006 708
UPID US43-3804911

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.36M
Blend (final) Blend
$2.36M

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2014
Price N/A

Zoning & alternative use

B-1 · Plymouth, MI
Zoning description

• Allow the one-half of the alley for the rear yard setback in O-1, O-2, & B-1 to be across all zoning districts if the alleys are not regularly used. • Move parking requirements in footnotes (h), (j), (m) and (t) to the…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $2.1M +44.2%
Restaurant $2.0M +36.0%
Office building $1.8M +27.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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