20385 Middlebelt Rd Livonia, MI 48152-2003
This 0.69-acre commercial lot in Livonia, Michigan, is ideally situated on Middlebelt Road, boasting nearly 200 feet of frontage on this heavily trafficked thoroughfare. The property is zoned for multiple uses, offering significant development flexibility. Existing improvements include a paved parking lot, ready for immediate use or redevelopment. Further enhancing its appeal, the site already features sewer access and a monument sign, saving considerable time and expense during the construction phase. Located at 20385 Middlebelt Road, Livonia, MI 48152, this property presents a unique opportunity for investors and developers seeking a strategically located parcel in a thriving commercial area of Wayne County. The asking price is $350,000. The property's convenient access to major roadways and its existing infrastructure make it an exceptional investment prospect. Don't miss this chance to acquire a ready-to-build commercial lot in a high-demand location.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.