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Financial
Distress signals
Property profile

28500 Schoolcraft Rd Livonia, MI 48150

OFF-MARKET
Commercial real estate
Property ID
US43-1513920
37,308 SF 2.3 ac lot Built 1963
Last sale Nov 2012 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional restaurant property, located at 28500 Schoolcraft Road in Livonia, Michigan, presents a significant opportunity for a discerning restaurateur. The property boasts a substantial 5,700 square feet of building space, ideally suited for a variety of culinary concepts. Situated on a generous 2.3-acre lot, the ample land provides significant potential for outdoor seating, expansion, or additional development. The property is zoned Commercial, offering flexibility for various uses…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$43k
Tax billed · 2023
Assessed value · 2024$873k
Effective rate4.90%

Value estimate

· Oct 2026
$690k
$621k – $759k
Submarket $/SF estimate$2.12M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$102/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$54 – $151

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.8
Law Firm18.0
Spa & Massage13.7

Location

28500 Schoolcraft Rd Livonia, MI 48150-2222
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
34350 Ann Arbor, Livonia, MI 48150-3606 $320,000 May 2025 13,248 SF
11833 Brookfield, Livonia, MI 48150-1701 $2,300,000 Feb 2025 32,396 SF
13570 Wayne, Livonia, MI 48150-1270 $1,900,000 Jul 2024 19,320 SF
38945 Ann Arbor, Livonia, MI 48150-3354 $2,000,000 Jun 2024 17,949 SF
34471 Industrial, Livonia, MI 48150-1305 $600,000 Jun 2024 7,200 SF
12550 Farmington, Livonia, MI 48150-1740 $900,000 Jun 2024 12,508 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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