Property profile

27480 5 Mile Rd Livonia, MI 48154

FOR SALE
Residential land & home lots
Property ID
US43-0997653
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Property summary

AI-generated overview

Prime Development Opportunity – 1.6 Acres of Vacant Land in Livonia! Zoned for Multi-Family Use | Ideal Location | Development Potential Seize this rare opportunity to develop in one of Livonia’s most desirable neighborhoods. Located just off Five Mile Road, this expansive 1.6-acre parcel of vacant land is perfectly suited for a variety of development opportunities. The property is zoned for multi-family residential use, making it an excellent site for condominiums, townhomes, or apartment units. A 16-unit condo project has been proposed in the past, showcasing the site’s potential for a high-density residential development. In addition to residential options, the current zoning also allows for alternative business ventures, offering flexibility depending on your vision. Its prime location provides convenient access to major roads, shopping centers, schools, and community amenities—making it an attractive option for developers and investors alike. Excellent Livonia location near Five Mile Road Surrounded by established neighborhoods and key amenities. All information is approximate and should be independently verified by buyers and their agents. BATVAI.

Property profile

Verified
Property type Residential land & home lots
UPID US43-0997653

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Publishing House Printing Service

Location

27480 5 Mile Rd Livonia, MI 48154
Livonia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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