188 Liberty St Plymouth, MI 48170-1315
• 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 section on parking. • Move landscaping requirements in footnotes (i) to the section on landscaping requirements. • Add two rows to the Sche…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Plymouth, MI• 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 section on parking. • Move landscaping requirements in footnotes (i) to the section on landscaping requirements. • Add two rows to the Schedule of Regulations table for adjacent to residential uses in the I-1 and I- 2 districts and leaving the exception in footnote (k). • Add two rows to the Schedule of Regulations table for the downtown height requirements in footnote (n) or regulate using street types in a form-based code approach. • Consider using a build-to line for streets or blocks, rather than the averaging in footnote (o). The creation of those build-to lines would be time-intensive. Since the front yard averaging has worked well in neighborhoods, the build-to line may not be appropriate in the R-1 zoning district. • Consider moving footnotes (p), (q), (r), (s), and (t) to the ARC zoning district. • Consider porch regulations within form-based codes for house building form, if using a form- based approach. • Consider whether FAR should be used to regulate bulk for other building types. • Ensure that FAR regulates in zoning districts where single-family residential is a special land use. Allow for e-commerce options in the B-1, B-2, ARC and MU Zoning Districts In the B-1, B-2, ARC and MU zoning districts, the principal use allowing similar uses has a restriction that, “All businesses establishments shall be retail or service establishments dealing directly with consumers. All goods produced on the premises shall be sold at retail from the premises where produced.” The last sentence could be construed to not allow e-commerce to be part of the business. We recommend that e- commerce as accessory to a business be allowed in these districts. Consider Eliminating Vehicular Parking District or Removing Off-Street Parking Lots as a Principal Use Off-street parking lots are a principal use in the O-1, O-2, B-1, B-3, and P-1 zoning districts. The P-1 zoning district permits solely off-street parking lots contiguous to O-1, O-2, B-1, B-2, I-1, or I-2 districts. On the zoning map, the P-1 district is primarily in the Downtown area. The Zoning Ordinance is very permissive in terms of allowing parking lots as permitted, principal uses. The Planning Commission may want to limit off-street parking to only serve a permitted use on the same site.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.