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31965 Schoolcraft Rd Livonia, MI 48150-1810

OFF-MARKET Commercial real estate Google Maps
6,864 SF 0.85 ac lot Built 1970
Entity Owned 3-yr Hold Free & Clear
Estimated value (blended)
$290k
Range $261k – $319k (±10%)
Property ID US43-1668263

Property summary

AI-generated overview

This exceptional 6,864-square-foot industrial property, located at 31965 Schoolcraft Road in Livonia, Michigan, presents a compelling investment opportunity. The single-tenant building, constructed in 1970, boasts a versatile design suitable for manufacturing, warehousing, distribution, or contractor yard operations. The property sits on 0.84 acres of land and features a substantial 18-foot ceiling height, ideal for accommodating various equipment and storage needs. Access is enhanced by a single drive-in bay. The building is equipped with heavy power, a significant asset for energy-intensive operations. The property also includes an approximate 17,500-square-foot yard area, providing ample outdoor storage space. Its zoning designation is M-1 (Light Industrial), ensuring flexibility for a range of industrial uses. The Wayne County location offers excellent connectivity, with convenient access to major thoroughfares including I-96, I-275, M-14, M-24, and M-39, facilitating efficient transportation of goods and materials. The property's features, location, and zoning make it an attractive option for businesses seeking a functional and strategically located industrial space. The property's APN is 100-99-0021-001.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction BRICK
Total area 6,864 SF
Lot 0.85 ac (37,026 SF)
APN 46 105 99 0021 001
UPID US43-1668263

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Factory
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$606k
Blend (final) Blend
$290k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2020
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $970,000 +38.6%
Restaurant $710,000 +1.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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