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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
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Views: 1735 Days On Market: 394

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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
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 2020 Realcomp II Ltd. Shareholders.


Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

Neighborhood

48154 (Livonia) Demographics

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

Market Last 30 Days In This Postal Code

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

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      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $1,200,000
      9/15/2020 12:18:11 PM Status Changed Source New Value: Pending
      8/30/2019 4:44:00 PM New in Database Source New Value: $1,200,000

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