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    29500 7 Mile Rd Livonia, MI 48152

    For Sale
    Contact for pricing

    Large retail space adjacent to Livonia Marketplace.

    Property size:
    373,350 SF
    Lot size:
    50.45 Acres

    Property Features for 29500 7 Mile Rd

    General Information

    Size
    373,350 SF
    Lot size
    50.45 Acres

    Source: Stokas Bieri Real Estate Agent Alex Bieri

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Sears Retail Opportunity

    This property, formerly a Sears, is located adjacent to the Livonia Marketplace, which is co-anchored by Walmart and Kohl’s. The intersection of 7 Mile Road and Middlebelt Road also features an LA Fitness, Dollar Tree, CVS Pharmacy, and Petco. The property encompasses a total area of 373350 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Official Driving School Driving School Dr. Voyles Eyecare ... Optometrist Asbahi Razan S ... Dentist Sears Hair Studio Hair Salon Lisa Redilla Optometrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.337385
    Latitude
    42.4288729

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    FAQs

    What type of property is this?
    Shopping center - Large retail space adjacent to Livonia Marketplace.
    Where is this shopping center located?
    The property is located at 29500 7 Mile Rd Livonia, MI.
    What are key features of this property?
    This property features: - Former Sears location offers significant redevelopment potential.; - Adjacent to Livonia Marketplace, providing high visibility and foot traffic.; - Co-anchored by Walmart and Kohl’s, attracting a large customer base.
    (248) 351-6280
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    29500 7 Mile Rd Livonia, MI 48152
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    Livonia, MI 48152
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29500 7 Mile Rd Livonia, MI 48152
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