20515 Hugh St, Livonia, MI 48152-1898
This 1,378 square foot industrial property, located at 20515 Hugh St, Livonia, MI 48152, presents a unique investment opportunity. The building, constructed in 1961 and renovated in 1994, features a combination of warehouse, flex, and distribution space, ideal for a variety of uses. The property boasts a 0.45-acre lot with a compacted stone (not paved) surface, providing ample space for a contractor's yard. Convenient access is available from two streets, allowing for easy drive-through capabilities, even for trailers. The property is zoned M-1 Light Manufacturing, and the city has confirmed this use as "lawful non-conforming," ensuring continued commercial viability. The building includes 20 parking spaces. The asking price is $249,000, with seller financing available to qualified buyers with a 25% down payment. Immediate occupancy is possible after the sale. This well-maintained property offers a rare blend of functionality and location, making it an attractive proposition for discerning investors.
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
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.