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    28407 5 Mile Rd Livonia, MI 48154

    For Lease
    $4,500 /Mo

    Fully-equipped restaurant with parking, ready for immediate occupancy.

    Lot size:
    0.28 Acres

    Property Features for 28407 5 Mile Rd

    General Information

    Lot size
    0.28 Acres

    Building Details

    Year built
    1960

    Source: Keller Williams Legacy Agent Mujtaba Sanad

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

    Overview

    Restaurant Space in High-Traffic Area

    This is an opportunity to lease a fully-equipped restaurant space situated in a high-traffic area. The standalone property includes its own parking lot. The property is located on 5 Mile Road, between Middlebelt and Inkster Roads, just north of I-96. The exterior of the building has been freshly painted, and there is a prominent, illuminated sign. The triple net lease price includes restaurant equipment, and the space is available for immediate occupancy. This location is suitable for starting a new venture or relocating an existing business.
    Insight Report Location Intelligence

    Current Use by Public Records

    City Gourmet Restaurant Broadway Diner Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3250028
    Latitude
    42.3979325

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    FAQs

    What type of property is this?
    Restaurant - Fully-equipped restaurant with parking, ready for immediate occupancy.
    Where is this restaurant located?
    The property is located at 28407 5 Mile Rd Livonia, MI.
    What are key features of this property?
    This property features: - Fully-equipped restaurant space included in lease.; - High-traffic location on 5 Mile Road near I-96.; - Standalone property with private parking lot.
    (313) 442-2311
    Request Owner's contact information
    28407 5 Mile Rd 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
    28407 5 Mile Rd Livonia, MI 48154
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