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    Property profile & analytics
    OFF-MARKET
    Strip malls

    27841 7th Mile Rd, Livonia, MI 48152-3701

    3,920 SF 0.14 ac lot Built 1940
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0973910
    Property summary
    AI-generated overview

    This exceptional 850-square-foot single-tenant retail space, located in Wayne County, presents a fantastic opportunity for a discerning business. Completely renovated in 2020, the property boasts a fresh, modern interior, ready for immediate occupancy. Its convenient single-story design offers easy accessibility, complemented by ample parking with 25 spaces available for customers and employees. The property's strategic location on a busy thoroughfare ensures high visibility and significant foot traffic, benefiting from a large, established residential neighborhood. The building's occupancy rate is high, with three other suites currently leased, creating a vibrant and thriving business environment. This translates to a built-in customer base and increased potential for networking and collaboration. The space is ideal for a variety of uses, including office space, retail, or service-oriented businesses. No elevators are present in this single-story building. This turnkey solution offers immediate access to a prime location with a strong potential for growth and success. Inquire today to schedule a viewing and secure this exceptional opportunity.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1940
    Construction CONCRETE BLOCKS
    Total area 3,920 SF
    Lot 0.14 ac (6,098 SF)
    APN 46 045 02 0016 000
    UPID US43-0973910
    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
    • Armain Torrah Hair Salon Nail Salon
    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
    Shree Meldi Maa LLC · 2 yrs held
    Shree Meldi Maa LLC
    since 2024
    Last sale
    $500,000
    4 recorded transactions
    2024
    $500,000
    2017
    $290,000
    2011
    $47,000
    2011
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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