4.5 AC Livonia | Site Plan Approved Senior Living Apartment and Condominiums

29200 Vassar Street Livonia, MI 48152

29200 Vassar Street, Livonia, MI, 48152
29200 Vassar Street, Livonia, MI, 48152 29200 Vassar Street, Livonia, MI, 48152 29200 Vassar Street, Livonia, MI, 48152 29200 Vassar Street, Livonia, MI, 48152 29200 Vassar Street, Livonia, MI, 48152 29200 Vassar Street, Livonia, MI, 48152
FOR SALE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Jul 27, 2022

Highlights

  • 120,000 SF
  • 8-Story Class-C Office / Elevators
  • ±15,000 SF Open Floor Plates
  • 422 Surface Parking
  • Parking Lot Paved 2013
  • Permitted Uses: Office, Retail, Wholesale, Hotel, Senior Living, Nursing Home, Health Care, Religious, Cultural, Educational, Child Care, Academy, Parking, Restaurant
  • 1972 / 2013
  • Recast Concrete Building Built for the U.S. Government that may be Structurally Sound. Nearly the Whole Building has Been Gutted to the Steel and Concrete – Ready for Repurposing

Description

LOCATION + LOCATION + LOCATION
Located directly across the redeveloped Livonia Mall/Marketplace anchored by the Walmart Super Center as well as Sears Appliance Repair, Kohl’s, LA Fitness, Planet Fitness, Petco, Cantoro Italian Market & Trattoria

REDEVELOPMENT OPPORTUNITY – The almost 4.50 ACRE parcel located in the heart of Livonia’s C-4 zoning with permitted uses not limited to mixed-use multi-family, senior housing, health care. The City of Livonia is dedicated to assisting in this site’s redevelopment with Brownfield Tax Incentives and other tax incentives – contact the Planning and Economic Development Director. The building is recast concrete building built for the U.S. government that may be structurally sound. Nearly the whole building has been gutted to the steel and concrete – ready for repurposing.

The 4.48-acre parcel was permit ready and completed the entitlement process for Site Plan approved Senior Living Apartment and Condominium project (Date Stamped 9/20/2017) – full engineering available upon request.

4.477 ACRES
C-4 High Rise Commercial District – wide array of uses
Previously Site Plan Approved Senior Living & Condominiums (Date Stamped 9/20/2017)


30,000 VPD via Middlebelt Road
Population 95,535 (2020 Census)
Michigan's 9th Largest Municipality

Middlebelt Rd between 7 & 8 Mile Rd | 7 Mile & St. Martins – Vassar St.
LOCATION + LOCATION + LOCATION + BIG BOX NATIONAL RETAILERS
Located directly across the redeveloped Livonia Mall/Marketplace anchored by the Walmart Super Center as well as Sears Appliance Repair, Kohl’s, LA Fitness, Planet Fitness, Petco, Cantoro Italian Market & Trattoria


Year Built: 1972
Building Size: 120000sq ft
Building Class: C
Lot Size: 4.48 acres


Documents

Livonia Corporate Tower Flyer 2022

Map of 29200 Vassar Street, Livonia, MI, 48152

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.