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    29441-29567 5 Mile Rd Livonia, MI 48154

    For Lease
    Contact for pricing

    Retail space available in active neighborhood shopping center in Livonia.

    Property size:
    2,350 SF
    Lot size:
    6.28 Acres

    Property Features for 29441-29567 5 Mile Rd

    General Information

    Size
    2,350 SF
    Lot size
    6.28 Acres

    Source: Goodwin REA Agent Darryl Goodwin

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

    Overview

    Livonia Retail Space For Rent

    This retail space is located within an active neighborhood shopping center with a gross leasable area of approximately 84,000 square feet. Situated at the southwest corner of Five Mile and Middlebelt Roads in Livonia, Michigan, the available space measures 2,350 square feet. Pylon signage opportunities are available along both Five Mile and Middlebelt Roads. The shopping center is scheduled for facade renovations, parking lot improvements, and new landscaping in Spring/Summer 2022. Ample parking is available. Current tenants include Los Tres Amigos Restaurant, Great Lakes Ace Hardware, Dick Scott Motorcycles, Floorama, Golden Palace Buffet, Jet's Pizza, Leda's Coney Island, Community Financial Credit Union, and AAA.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Similar Places Nearby

    Livonia Plaza Shopping Center, Armed Forces Career Center, Secretary of State Self-service Station, Coinstar Kiosk - Bitcoin ATM, Hunt For Hemp - CBD products

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.336486
    Latitude
    42.3970868

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in active neighborhood shopping center in Livonia.
    Where is this shopping center located?
    The property is located at 29441-29567 5 Mile Rd Livonia, MI.
    What are key features of this property?
    This property features: - Active neighborhood shopping center with approximately 84,000 sq. ft. GLA; - Located at the southwest corner of Five Mile & Middlebelt Roads; - Pylon signage available along both Five Mile & Middlebelt Roads
    (248) 855-1221
    Request Owner's contact information
    29441-29567 5 Mile Rd Livonia, MI 48154
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    Livonia, MI 48154
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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
    29441-29567 5 Mile Rd Livonia, MI 48154
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