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Retail Space with Service Operations
For Sale
Contact for pricing
Pending

29150 Five Mile Rd, Livonia, MI 48154

Existing hardware store includes sales and service functions, with the real estate offered separately from the business.

Property SizeContact for details
Days on Market141

Property Features for 29150 Five Mile Rd

General Information

Standard status Pending
Property subtype Retail, Business for Sale
Listing Agency: Lee & Associates - Detroit
Listed By: Scott Lyons · License #MI 6501273051
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 11:55PM

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 Lee & Associates - Detroit

Investment Insights

Based on property information with market context.

This retail property is configured for an operating hardware store with both sales and service operations. The real estate is available independently from the business, providing a separate opportunity to acquire the property without the operating company.

Property improvements include a roof replacement completed in 2015, a new furnace, and a well-maintained parking lot. The asset is located on Five Mile Road in Livonia, Michigan.

Key Highlights

  • Operating hardware store with sales and service operations
  • Real estate available separately from the business
  • Roof replaced in 2015

Property Analytics

Current Use

Wright's Hardware & Services ... Building Supply

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic Electrical Service Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

438
Businesses Nearby
113k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 66% Shops & Services 26% Home Improvements & Furnishings 8%
McDonald's Dining
26,426 visits/mo 0.1 miles
Taco Bell Dining
16,165 visits/mo 0.2 miles
Mobil Shops & Services
14,794 visits/mo 0.1 miles
Burger King Dining
11,620 visits/mo 0.0 miles
Los Tres Amigos Dining
9,831 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Existing hardware store includes sales and service functions, with the real estate offered separately from the business.
Where is this retail space located?
The property is located at 29150 Five Mile Rd Livonia, MI.
What are key features of this property?
This property features: Operating hardware store with sales and service operations; Real estate available separately from the business; Roof replaced in 2015
More about this property
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