27500 Schoolcraft Rd, Livonia, MI 48150-2203

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. Within a three-mile radius, the population exceeds 99,000 residents, with an average household income of $66,729. This translates to a significant and stable customer base for the existing tenants. The property's financial performance is further enhanced by a net cash flow of $156,535 after accounting for expenses such as real estate taxes, insurance, and maintenance. The asking price for Buckingham Plaza is $1,840,000, representing a price per square foot of $74.42. This well-established shopping center offers a solid return on investment and significant potential for future growth. The property is situated on a prominent corner lot, offering excellent visibility and accessibility. The gross lease structure simplifies management and ensures consistent rental income. This is a rare opportunity to acquire a thriving retail property in a desirable location with proven financial performance.