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15365 NEWBURGH Road $1,200,000

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15365 NEWBURGH Road Livonia, MI 48154

  • 11,800 sq.ft.
  • 0.99 Acres
  • Commercial
MLS# 219089636 | Active

$1,200,000

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Days On Market: 19 0 Views
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Property Details

Excellent investment opportunity located at 5 Mile and Newburgh Rd. Strong traffic counts at +/-60,000 AADt. Fully stabilized with long term tenants, property has ingress/egress on both 5 mile and Newburgh. Offers 7% cap rate.

  • General Features
    • County Or Parish Wayne
    • Settlement City
    • Business Type Retail
    • Current Use Retail Strip Mall
    • Lot Size Area 0.99
    • Zoning Commercial
    • Ownership Status Private Owned, Short Sale - No
    • Originating MLS Realcomp II Ltd
    • Year Built 1965
    • Sqft Total 11,800
    • Number Of Units Total 6
    • Operating Expense $30,000
    • Net Operating Expense $90,000
    • Gross Scheduled Income $120,000
    • Tax Amount - Summer 8652.0000
    • Tax Amount - Winter 7999.0000
  • Building Features
    • Foundation Details Slab
    • Construction Materials Brick, Other
    • Office Heating Forced Air
  • Property Features
    • Road Frontage Type Paved, Pub. Sidewalk
    • Frontage Feet 110
    • Lot Size Dimensions 110.00X392.00
    • Water Source Municipal Water
    • Sewer Sewer-Sanitary
  • Schools
    • School District Livonia

Contact

Angela Gaffka

Sales Associate

RE/MAX Team 2000

Office Phone: 313-561-0900

Neighborhood

48154 (Livonia) Demographics

47Median Age
3,252Population Density (per sq. mile)
48%College Educated
$75,895 Estimated Median Income
12,891Estimated Total Home Owners
1,669Estimated Total Renters
89% / 11%Estimated Owner / Renter Divide
3Estimated Average Household Size
37,772Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days

$0 Median Sales Price
0 Homes Sold
74 New On Market

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      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $1,200,000
      8/30/2019 4:44:00 PM New in Database Source

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      Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2019 Realcomp II Ltd. Shareholders.