27716 7th Mile Rd, Livonia, MI 48152-3861
This exceptional Livonia, MI commercial property presents a unique investment opportunity. Spanning 3,300 square feet on a 0.09-acre lot at 27716 7 MILE, the building boasts a versatile layout ideal for a variety of businesses. The ground floor offers approximately 3,300 square feet of adaptable retail space, enhanced by attractive display windows ensuring high visibility. The interior seamlessly blends retail and office space, featuring both open-plan areas and private offices to cater to diverse operational needs. Ample parking is available, with four spaces in the front and an additional four spaces at the rear of the building. The property includes three furnaces and three half-bathrooms, strategically positioned to serve both retail and office areas. The building's functionality is further enhanced by its modern amenities and convenient access to major roadways, ensuring easy commutes for employees and customers alike. The roof was recently replaced in 2021, representing a significant cost saving for the new owner. The property is currently configured with two front units, each with its own separate entry and utilities, and a rear unit incorporating office and storage space. Please note that the power is currently off
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Thomas D Mcelgunn Pc Law Firm
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.