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Property profile & analytics
OFF-MARKET Estimated value $3,520,000
Strip malls

550 Frst Ave Plymouth, MI 48170-1740

32,539 SF 1.45 ac lot Built 1940
Entity Owned 23-yr Hold Free & Clear
Property ID
US43-0374902
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1940
Construction BRICK
Total area 32,539 SF
Lot 1.45 ac (63,162 SF)
Zoning code B-2
APN 49-009-06-0296-003
UPID US43-0374902
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
  • Dr. Glenn Young Physician
  • Timothy F. Hogan, PsyD Physician Medical Clinic
  • Britt's Bow Wow Boutique & Spa Pet Grooming Service
  • Medical Imaging Solutions International Medical Clinic
  • Basket Kreations (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.52M
Blend (final) Blend
$3.52M
Owner & transaction history
WESTCHESTER SQUARE LLC
WESTCHESTER SQUARE LLC
Zoning & alternative use
B-2 · Plymouth, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

o Update the Intent of the B-2 Zoning District to reflect the description of the Central Business District Future Land Use Category in the Master Plan. Years 3-4: Zoning Ordinance Recodification - NOT STARTED Based on the Planning Commission workbooks and discussion, the items below from the Zoning Audit should be included in the Zoning Ordinance Recodificat…

Zone name Central Business
General category COMMERCIAL
Zone area 5.75 ac
Top alternative use upside
Commercial (general) $3.6M +38.0%
Restaurant $3.4M +30.1%
Office building $3.2M +22.1%
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