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Freestanding Restaurant with Illuminated Sign
For Lease
$4,500/Mo

28407 5 Mile Rd, Livonia, MI 48154

Standalone restaurant space with private customer parking, updated exterior paint, and immediate occupancy availability.

Space SizeContact for details
Days on Market36

Property Features for 28407 5 Mile Rd

General Information

Standard status Active

Building Details

Year Built 1960
Listing Agency: Keller Williams Legacy
Listed By: Mujtaba Sanad · License #6501410189
Source: Premiermichiganhomesearch
Added: Jul 26 Changed: Aug 30 Last Checked: Aug 30 at 6:45AM

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 Keller Williams Legacy

Investment Insights

Based on property information with market context.

Freestanding restaurant space available for lease with existing restaurant equipment and a dedicated private parking lot for customer use. The building dates to 1960 and has a recently painted exterior, along with a large illuminated sign positioned for roadside exposure.

The property is located on 5 Mile Road between Middlebelt and Inkster Roads in Livonia, north of I-96. The restaurant is available for immediate occupancy and includes a standalone configuration suitable for continued restaurant operations.

Key Highlights

  • Freestanding restaurant building available for lease
  • Existing restaurant equipment included
  • Private customer parking lot on site

Property Analytics

Current Use

City Gourmet Restaurant Broadway Diner Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Barber Shop Furniture & Home Goods Daycare Center

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

372
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 68% Dining 25% Electronics 7%
BP Shops & Services
9,447 visits/mo 0.5 miles
BIGGBY COFFEE Dining
4,488 visits/mo 0.5 miles
Citizens Bank Shops & Services
2,427 visits/mo 0.4 miles
Boost Mobile Electronics
1,319 visits/mo 0.5 miles
Sunoco Shops & Services
1,027 visits/mo 0.4 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
Rey
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Similar Off Market Nearby

  • Golden Palace Buffet 29583 Five Mile Rd, Livonia, MI 48154

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Standalone restaurant space with private customer parking, updated exterior paint, and immediate occupancy availability.
Where is this conventional restaurant located?
The property is located at 28407 5 Mile Rd Livonia, MI.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: Freestanding restaurant building available for lease; Existing restaurant equipment included; Private customer parking lot on site
More about this property
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