Financial
Distress signals
Property profile

27500 Schoolcraft Rd Livonia, MI 48150

FOR LEASE
Strip malls
Property ID
US43-4688814
43,912 SF 2.4 ac lot Built 1960
Last sale Jan 2017 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Buckingham Plaza, located at 27500 Schoolcraft Road, Livonia, MI 48150, presents a compelling investment opportunity. This single-story, 24,725 square foot shopping center comprises eleven units and is currently leased to a diverse mix of tenants, including Snookers Pool & Pub, BBS Distilleries, and Prime Cleaners. The property boasts a strong annual gross rental income of $224,790. Situated in a high-traffic area of Livonia, Wayne County, the center benefits from a robust local economy.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$55k
Tax billed · 2023
Assessed value · 2024$1.11M
Effective rate4.99%

Value estimate

· Sep 2026
$670k
$603k – $737k
Sales comparison$2.57M
NOI build-up
Gross scheduled income$356k
Vacancy & credit loss−$21k
Operating expenses−$100k
NOI · 1,952,283.33% cap applied$234k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$80/SF
County average, outlier-cleaned · 116 recorded sales of this use type
Observed band · Q1–Q3$48 – $108

Cap rate analysis

How does the asset earn?
1,952,283.33%
$234k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.1
Spa & Massage16.7
Law Firm16.2

Location

27500 Schoolcraft Rd Livonia, MI 48150
County assessor Recorded deeds · 6 transfers Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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