30927 Schoolcraft RdLivonia, MI 48150

This exceptional investment opportunity presents a fully leased, multi-tenant industrial building situated in the thriving Livonia, Michigan market. The property, located at 30927 Schoolcraft Rd, boasts a total of 19,800 square feet across ten separately metered units, ranging in size from 1,200 to 3,600 square feet. Built in 1986 and renovated in 2008, the building offers a desirable combination of established infrastructure and recent improvements. The property features seven overhead doors, one truck well, and a ceiling height of 18 feet, catering to diverse industrial needs. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $176,319, resulting in an attractive 6.96% capitalization rate. The asking price is $2,534,400, translating to $128 per square foot and $253,440 per unit. The 0.92-acre lot is further enhanced by a planned new parking lot slated for completion in 2024. This stabilized investment offers a compelling return with strong tenant occupancy and a prime location in Wayne County, MI, zip code 48150. The property's classification includes distribution, manufacturing, and warehouse uses. One loading dock is available.