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31245 8 Mile Rd
Livonia, MI 48152
Retail Property For Sale

Investment Highlights

  • 11,180 square foot building on 1.48 acres of land - drive thru equipped
  • Excellent visibility, access from 2 streets
  • Good traffic counts
  • Excellent Hard Corner location
  • Excellent suburban market - strong demographics - affluent community

Property Facts

Property Type
Retail
Property Subtype
Drug Store
Building Size
11,180 SF
Building Class
A
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.48 AC
Zoning
CM
Parking
50 Spaces (4.47 Spaces per 1,000 SF Leased)
Frontage
252’ on 8 Mile Rd

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru

About 31245 8 MILE RD , LIVONIA, MI 48152

FOR SALE OR LEASE Submit ALL OFFERS! An unoccupied Rite Aid Drug store location, the consolidation of drug stores has resulted in this site being excess. Rite Aid has enjoyed many successful years at this location. Herein lies an opportunity for re-tenanting/redevelopment of this prime, hard corner site at today's market rents. Livonia is the 9th largest City in Michigan, being approximately 15 miles northwest of downtown Detroit. The site borders the affluent community of Farmington Hills, and enjoys excellent hard corner exposure and visibility on Eight Mile Road, with ingress and egress on both Eight Mile Road and Merriman. The immediate area surrounding the Property includes a diverse array of offices and industrial users that account for the highly concentrated employment density near the site. Additionally, the residential demographics, including a 272 unit apartment complex, make this one of the strongest suburban markets in Michigan. The property is in close proximity to Botsford General Hospital, a facility associated with an educational campus of Michigan State University.

Property Taxes

Property Taxes

Parcel Number
46-006-99-0081-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$793,300
  • Listing ID: 17462148

  • Date on Market: 10/15/2019

  • Last Updated:

  • Address: 31245 8 Mile Rd, Livonia, MI 48152

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