Shopping Centers in Livonia, Michigan offer a unique investment opportunity for those looking to capitalize on the city's strong economy and diverse demographics. With a population of approximately 100,000, Livonia provides a stable and growing market for businesses to thrive. Shopping Centers, in particular, represent a versatile investment option, encompassing a range of possibilities, from retail and dining to entertainment and services. Livonia's strategic location, excellent infrastructure, and access to top-notch educational institutions like Madonna University and Schoolcraft College make it an attractive destination for businesses and residents alike. The city's strong economy, driven by major employers like Ford Motor Company and Trinity Health, ensures a steady flow of customers and clients. Additionally, Livonia's cultural amenities, such as the Livonia Public Library, and recreational areas like Hines Drive, contribute to its appeal as a great place to live, work, and invest.
Livonia's Shopping Centers are part of a larger commercial landscape that includes Restaurants, Specialty Properties, Land, and Office Properties. The city's Restaurants offer a diverse range of dining options, while Specialty Properties cater to unique business needs. Land and Office Properties provide opportunities for development and growth. With 5 Shopping Centers available for sale, investors have a wide range of options to choose from. The average price per square foot is $270 USD, with an average size of 28,833 square feet and a maximum size of 90,860 square feet. The average cap rate is 7.18%. Overall, Livonia's Shopping Centers offer a compelling investment opportunity, with its strong economy, diverse demographics, and excellent infrastructure making it an attractive destination for businesses and investors alike.
What is the average cap rate for shopping centers in Livonia?
The average cap rate for shopping centers in Livonia is 7.18%, making it an attractive investment opportunity for those looking to capitalize on the city's strong economy and diverse demographics.
