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    FOR LEASE
    Manufacturing properties

    33200 Capitol St, Livonia, MI 48150

    36,305 SF 2.16 ac lot Built 1973
    Individually Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US43-1488171
    Property summary
    AI-generated overview

    This exceptional 3,500 square foot executive office suite is located at 33200 Capitol Street in Livonia, Michigan, within the Southern I-275 Corridor. Situated on a 2.16-acre lot, this free-standing, flex space building offers a bright and open layout, perfect for a variety of businesses. The suite is located on the second floor and boasts 20-foot ceilings. Built in 1973 and extensively renovated in 2020, the property features one loading dock and one dock-high door, catering to efficient logistics. The building's total square footage is 40,000 square feet, with a maximum contiguous space of 3,500 square feet currently available. The property is zoned for light industrial use (M-1) and has ample parking with 119 spaces available. The electrical service is robust, providing 1,000 amps at 240 volts, three-phase power. The property's Wayne County address is 33200 Capitol Street, Livonia, MI 48150 (APN: 46-107-01-0001-003). This is a full-gross lease opportunity with easy access to area expressways. The building is a two-story structure and is currently multi-tenant.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1973
    Construction CONCRETE BLOCKS
    Total area 36,305 SF
    Lot 2.16 ac (94,090 SF)
    APN 46 107 01 0001 003
    UPID US43-1488171
    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
    • V and V Appliance Parts Big Box & Wholesale Store Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.63M
    Blend (final) Blend
    $2.63M
    Owner & transaction history
    Svjb Ltd · 6 yrs held
    Svjb Ltd
    since 2019
    5 recorded transactions
    2019
    $1.8M
    2018
    $1.9M
    2016
    2014
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $3.8M +27.6%
    Commercial (general) $3.7M +25.8%
    Medical building $3.4M +16.0%
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    More about this property
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