27531 Grand Riv St, Livonia, MI 48152-2433
This expansive Livonia industrial property, encompassing 8,875 square feet, presents a remarkable opportunity for diverse commercial ventures. The main floor features a large, open activity hall, perfect for gatherings of over 200 people. A recently remodeled (2020) kitchen adds significant value and functionality. Two bathrooms conveniently located on the main floor enhance the space's practicality. Upstairs, a private area with a wet bar offers a versatile space for gatherings or additional office space. A bonus area provides ample storage solutions. Two additional bathrooms are located upstairs. The property also includes a substantial parking lot, accommodating 50 or more vehicles, identified by parcel ID 46001020046000, ensuring convenient access for patrons and employees. The property's adaptable layout makes it suitable for a wide range of uses, including places of worship, meeting halls, rental facilities, fitness studios, dance studios, or training centers. The property is available for viewing by appointment only
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
Similar Nearby for Lease
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.