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42370 Ann Arbor Rd E
Plymouth, MI 48170
Retail Property For Sale
Investment Highlights
- Freestanding building with excellent street visibility and modern construction.
- Traffic counts exceeding 123,000 VPD near I-275 interchange.
- Demographic strength featuring high-income households and a dense employment base.
- Located at a signalized intersection with multiple access points and 26 parking spaces.
- Positioned within a major commercial corridor serving Plymouth, Canton, and Plymouth Township.
- Adaptable for multiple uses, including retail, financial services, or medical conversion.
Executive Summary
Offered at $1,500,000, this former bank branch presents a compelling opportunity in one of Western Wayne County’s most sought-after trade areas. The property sits on a 1.08-acre parcel at the highly visible northeast corner of Ann Arbor Road and Lilly Roads, offering signalized access and multiple curb cuts for convenient ingress and egress. Built in 2013, the building provides modern construction quality with excellent street presence and parking for 26 vehicles, making it adaptable for a variety of potential uses, including retail, medical, or professional services.
Positioned along a major commercial corridor, the site benefits from robust traffic counts of 22,541 VPD on Ann Arbor Road and over 123,000 VPD along I-275, which lies just minutes away. The surrounding area features strong demographics with over 75,000 residents and 47,000 employees within three miles, along with an average household income exceeding $129,000. Limited availability of free-standing retail options and the depth of this thriving trade area make this asset an outstanding market entry or portfolio addition.
Positioned along a major commercial corridor, the site benefits from robust traffic counts of 22,541 VPD on Ann Arbor Road and over 123,000 VPD along I-275, which lies just minutes away. The surrounding area features strong demographics with over 75,000 residents and 47,000 employees within three miles, along with an average household income exceeding $129,000. Limited availability of free-standing retail options and the depth of this thriving trade area make this asset an outstanding market entry or portfolio addition.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,232 SF
Building Class
B
Year Built
2013
Price
$2,124,150 CAD
Price Per SF
$657.22 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.32 AC
Zoning
ARC - Ann Arbor Road Corridor
Parking
26 Spaces (8.04 Spaces per 1,000 SF Leased)
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