Prime commercial lot with a rich history - formerly the site of a thriving family restaurant. The legacy lives on through the well-maintained parking lot, landscaped surroundings, and solid foundation. The potential for a new culinary venture awaits, with the added charm of the previous success. Excellent frontage on Plymouth Road in Livonia, Michigan. Buyers are encouraged to verify restaurant reconstruction guidelines with the local municipality. A unique opportunity to revive the spirit of this once-beloved establishment. Land contract and land lease are definite options.
Property Details
Property Features
Listing Office:
Office Name: Remerica Hometown One
Office Phone: (734) 420-3400
Listing Agent: Roy Hibbs
Lot Features
Lot Information:
Lot Size: 0.34 Acres
Other
Directions Information:
Directions: the south side of Plymouth west of Inkster. The South West corner of Plymouth and Arcola.
Price Information
Listing Price Info
Price Summary:
List Price: $199,000
Tax Information:
Annual Amount: $4,348
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Livonia, MI.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,061
Per Month
Principal & Interest
$994
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$663
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Westfield Charter Academy
27201 W Chicago
Distance between this listing and this school0.54 miles
Public Charter Grades KG-6
5
/10
Cleveland Elementary School
28030 Cathedral St
Distance between this listing and this school0.66 miles
Public District Grades KG-4
3
/10
Thomas Jefferson Elementary School
26555 Westfield
Distance between this listing and this school0.85 miles
Public District Grades PK-5
Nearby Schools
5
/10
Emerson Middle School
29100 W Chicago St
Distance between this listing and this school0.91 miles
Public District Grades 7-8
2
/10
Pierce Middle School
25605 Orangelawn
Distance between this listing and this school1.20 miles
Public District Grades 6-8
2
/10
American Montessori Academy Upper Elementary School
30055 Joy Rd
Distance between this listing and this school1.56 miles
Public Charter Grades 2-8
Nearby Schools
4
/10
Universal Learning Academy
28015 Joy Rd
Distance between this listing and this school1.04 miles
Public Charter Grades PK-12
4
/10
Thurston High School
26255 Schoolcraft
Distance between this listing and this school1.22 miles
Public District Grades 9-12
2
/10
Soar Academic Institute
26141 Schoolcraft
Distance between this listing and this school1.29 miles
The neighbors living near this home have an average income of $63,836. The most common annual income of people living in Livonia, MI is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Livonia, MI
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Livonia, MI?
The housing landscape in Livonia is characterized by a predominance of single-family homes, which make up a significant portion of the market. These homes showcase a range of architectural styles, from classic mid-century ranches to contemporary colonials. The community also offers a selection of condominiums and townhouses, providing alternatives for those seeking a more communal living experience or downsized accommodations. The majority of the residential structures were built during the post-war boom, reflecting a period of robust growth and development.
Is Livonia, MI a good place to live?
Livonia prides itself on being a family-friendly community with a suburban feel that offers residents a blend of quiet residential areas and bustling commercial zones. The city is celebrated for its well-maintained parks and recreation centers, which host a variety of community events and activities throughout the year. These events, such as the annual Spree festival, contribute to the strong sense of community and provide opportunities for residents to connect and celebrate local traditions.
Are things conveniently located in Livonia, MI?
Residents of Livonia benefit from a comprehensive array of services. The city's educational system includes numerous public schools at the elementary, middle, and high school levels, as well as private educational institutions that cater to a range of learning preferences and needs. Healthcare is readily accessible, with several hospitals and clinics offering a spectrum of medical services from primary care to specialized treatments. The public library system is robust, supporting lifelong learning and community engagement. Retail and dining options are plentiful, with establishments ranging from national chains to local favorites that reflect the city's diverse culinary tastes.
What does the transportation in Livonia, MI look like?
Livonia's transport infrastructure supports both private and public transit options. The city's road network is well-developed, with easy access to major highways that facilitate commuting to nearby metropolitan areas. Public transportation services are available, providing connections to key destinations within the city and beyond. While ride-sharing services are operational, enhancing mobility for those without private vehicles. The community is also working to improve walkability and bikeability in certain areas, making it easier for residents to navigate the city without relying on cars.
Frequently Asked Questions About 27545 Plymouth Rd
What is the listing price of this property?
The listing price of 27545 Plymouth Rd property is $199,000.
What type of property is this?
The property 27545 Plymouth Rd is land located in Livonia, Michigan, 48150.
Is this property for sale now?
Active Listing: 27545 Plymouth Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $4,348 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 11, 2004 for $250,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 27545 Plymouth Rd in Livonia, MI and zip code 48150. This home sits on a 0.34 acre lot. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $199,000.
Over 40 listings were sold over their listed price in November 2024 in Livonia, MI. In the same period over 43 listings were sold below the listed price and 14 listings were sold for the listed price. The inventory of homes for sale in Livonia, MI between October 2024 and November 2024 decreased by 13.6%. The median list price of listings available in November 2024 was $301,000, while the average time on the real estate market was 23 days.
From Rocket Homes Real Estate and based on county public records data.