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Property profile & analytics
FOR LEASE
Retail space

19711 Middlebelt Rd Livonia, MI 48152

9,900 SF 0.79 ac lot Built 1974
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US43-1316764
Property summary
AI-generated overview

This exceptional 10,000-square-foot flex space in Livonia, Wayne County, presents a unique opportunity for businesses seeking a strategic location and versatile footprint. The property, situated on 0.8 acres, is currently entirely vacant and ready for immediate occupancy. Its adaptable design caters to a variety of uses, including retail, manufacturing, distribution, and warehouse operations. The building offers ample on-site parking, ensuring convenient access for employees and customers. Its prime location in Livonia provides easy access to major highways, benefiting from the area's strong business environment and supportive community. The property's strategic position offers unparalleled connectivity and growth opportunities, particularly given its proximity to key transportation routes. Furthermore, significant improvements are planned for 2024, including a complete roof replacement, enhancing the long-term value and functionality of the building. This single-tenant property is ideal for a business seeking a flexible and well-located space to expand or establish its operations. The combination of size, location, and planned improvements makes this an attractive investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Construction CONCRETE BLOCKS
Total area 9,900 SF
Lot 0.79 ac (34,412 SF)
APN 46 008 01 0485 008
UPID US43-1316764
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Corey Home Casual Dining Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$1.02M
Owner & transaction history
Vdg Middlebelt LLC · 2 yrs held
Vdg Middlebelt LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.4M +85.9%
Restaurant $1.0M +36.0%
Commercial (general) $1.0M +35.6%
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