Property profile

40020 5th Mile Rd Plymouth, MI 48170

OFF-MARKET
Office buildings
Property ID
US43-1029813
2,985 SF 1.01 ac lot Built 1973
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This commercial property is located in a high-traffic area with strong surrounding demographics and provides a site configured to support a range of business uses. The property is described as being suitable for medical, banking, or neighborhood retail use, with available flexibility for ground-lease, build-to-suit, or redevelopment configurations. It includes ample parking and has design features intended to support convenient site access and visibility from the surrounding area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Total area 2,985 SF
Lot 1.01 ac (43,996 SF)
Zoning code B-1
APN 77 052 99 0013 001
UPID US43-1029813

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
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Spa & Massage Center
  • Alternative Medicine Practice

Location

40020 5th Mile Rd Plymouth, MI 48170-2764
Plymouth metro Census 560400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$780k

Owner & transaction history

since 2017
2 recorded transactions
2017
$799,000
2015
Price N/A

Zoning & alternative use

B-1 · Plymouth, MI
Zoning description

• Allow the one-half of the alley for the rear yard setback in O-1, O-2, & B-1 to be across all zoning districts if the alleys are not regularly used. • Move parking requirements in footnotes (h), (j), (m) and (t) to the…

General category COMMERCIAL

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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