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Property profile & analytics
OFF-MARKET Estimated value $470,000
Turn key restaurants

32030 Plymouth Rd Livonia, MI 48150-1909

4,813 SF 0.97 ac lot Built 1973
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US43-1810829
Property summary
AI-generated overview

This exceptional 4,700 square foot industrial property located at 32030 Plymouth, Livonia, MI, presents a unique investment opportunity. Currently operating as a well-established steakhouse, the business boasts a valuable liquor license, a significant asset for continued operation or future ventures. The property's substantial size offers ample space for restaurant operations, with potential for expansion or adaptation to other commercial uses. Its prime location in Livonia, MI ensures high visibility and accessibility, benefiting from established local clientele and convenient transportation links. The sale includes the existing business, complete with its long-standing reputation within the community. This turnkey opportunity allows for immediate revenue generation, minimizing start-up costs and maximizing return on investment. The property's strong history and established customer base provide a solid foundation for continued success, making it an attractive proposition for both seasoned entrepreneurs and first-time investors seeking a profitable venture in a thriving market. The sale price of $399,999 reflects the value of both the real estate and the established business, offering a compelling package for a discerning buyer. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is offered as-is.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Total area 4,813 SF
Lot 0.97 ac (42,253 SF)
APN 46 108 99 0018 006
UPID US43-1810829
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
  • Sapporo Hibachi Steakhouse And Sushi Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k
Owner & transaction history
Olson Land Acquisitions LLC · 9 yrs held
Olson Land Acquisitions LLC
since 2017
3 recorded transactions
2017
Price N/A
2017
$410,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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