Property profile

173 Liberty St Plymouth, MI 48170

OFF-MARKET
Investment properties
Property ID
US43-1234286
2,439 SF 0.04 ac lot Built 1900
Individually Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This stunning, fully renovated 2-story executive office space at 173 W Liberty St in Plymouth, MI, offers 1,206 square feet of immediately available space within a 2,412 square foot building. Built in 1900 and completely renovated in 2024, this Class C building boasts high ceilings with new lighting, state-of-the-art mechanical and ventilation systems, and keyless entry. The property is 100% electrified for sustainability and features sound isolation in the floors with sound mats, ensuring a quiet and productive work environment. The second floor includes a private back patio. The building sits on a 1,742 square foot lot (0.04 acres) and includes 6 total parking spaces. Its B-1 zoning makes it ideal for a variety of professional uses, including law offices, service businesses, or even a yoga/pilates studio. This exceptional location in the Southern I-275 Corridor places it within easy reach of popular local establishments such as Red Ryder, Meridian Coffee, Hermanns Olde Towne Grille, and Salon 6. The property is located in Wayne County, Michigan, zip code 48170. This is a rare opportunity to lease a beautifully renovated historic building with modern amenities in a vibrant and convenient location.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 2,439 SF
Lot 0.04 ac (1,742 SF)
Zoning code B-1
APN 49-005-03-0048-000
UPID US43-1234286

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
  • Department Store

Location

173 Liberty St Plymouth, MI 48170-1314
Plymouth metro Census 562500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$250k

Owner & transaction history

since 2016
2 recorded transactions
2023
Price N/A
2016
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

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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