29200 6 Mile Rd - Drug Store FOR SALE
Livonia, MI 48152 |
$2,200,000 USD
248-702-0288
29200 6 Mile Rd
Livonia, MI 48152
HIGHLIGHTS
- Established Location with Long-Term Commitment: Walgreens has successfully operated at this location for 28 years
- Attractive Low Rent: Current rent is just $10 per square foot—less than half the national average for Walgreens
- Spacious Site: The property features a 13,905 SF building situated on a 1.79-acre parcel
- Prime Hard Corner Location: Positioned at the signalized intersection of Six Mile Road and Middlebelt Road—two major thoroughfares
- Excellent Accessibility: Benefits from four points of ingress and egress, ensuring smooth traffic flow and convenient customer access
- Strong Demographics: Average household income within a 1-mile radius exceeds $100,388, and population within a 5-mile radius exceeds 234,651 people
FOR SALE DETAILS
PRICE
$2,200,000 USD
PRICE/SF
$158 USD /SF
CAP RATE
6.32%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.8 AC
LAND SF
78,408 SF
ZONING
N/Av, Livonia
APN/PARCEL ID
46-047-99-0004-005
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248-702-0288
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248-702-0288
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