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    OFF-MARKET
    Retail space

    27716 7th Mile Rd, Livonia, MI 48152-3861

    3,300 SF 0.09 ac lot Built 1946
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US43-1409811
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1946
    Construction CONCRETE BLOCKS
    Total area 3,300 SF
    Lot 0.09 ac (3,920 SF)
    APN 46 004 01 0010 000
    UPID US43-1409811
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Thomas D Mcelgunn Pc Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lorenc Mehilli · 1 yrs held
    Lorenc Mehilli
    since 2025
    Last sale
    $175,000
    4 recorded transactions
    2025
    $175,000
    2021
    $115,000
    2021
    2004
    $80,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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