Multi-Family Development Land
For Sale
$299,900
27480 5 MILE Rd, Livonia, MI 48154
Vacant 1.6-acre land parcel zoned for multi-family residential development near Five Mile Road.
Property SizeContact for details
Days on Market37
Property Features for 27480 5 MILE Rd
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$1,258
Listing Agency:
EXP Realty Main
(313) 641-0560
Listed By:
Zeinab Bazzi · License #6501437204
(313) 641-0560
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Aug 8 at 10:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty Main
Investment Insights
Based on property information with market context.
This listing offers a vacant land parcel totaling 1.6 acres, suited for multi-family residential development based on the property’s zoning. The site has been previously considered for a 16-unit condo project, reflecting past development planning and feasibility discussions.
The parcel is located just off Five Mile Road in Livonia, surrounded by established neighborhoods and positioned for convenient access to major roads and local amenities. The information provided is approximate and should be independently verified by buyers and their agents.
With zoning permitting multi-family residential use, this property may also offer options consistent with the additional uses referenced in the remarks. Buyers should confirm allowable uses and development requirements directly with the appropriate authorities.
The parcel is located just off Five Mile Road in Livonia, surrounded by established neighborhoods and positioned for convenient access to major roads and local amenities. The information provided is approximate and should be independently verified by buyers and their agents.
With zoning permitting multi-family residential use, this property may also offer options consistent with the additional uses referenced in the remarks. Buyers should confirm allowable uses and development requirements directly with the appropriate authorities.
Key Highlights
- Vacant 1.6‑acre land parcel in Livonia
- Zoned for multi‑family residential use
- Zoning allows for condominiums, townhomes, or apartment units
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 48154, MI
37,864
Population
15,330
Households
2.5
Avg Household Size
47
Median Age
44%
College-Educated
95%
High-School Grad
11.6 sq mi
ZIP Area
3,264
Density / Sq Mi
$103,763
Median Household Income
$59,017
Median Earnings
$1,197
Median Rent
$285,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant 1.6-acre land parcel zoned for multi-family residential development near Five Mile Road.
Where is this residential land & home lot located?
The property is located at 27480 5 MILE Rd Livonia, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Vacant 1.6‑acre land parcel in Livonia; Zoned for multi‑family residential use; Zoning allows for condominiums, townhomes, or apartment units
