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Retail Space in Livonia Plaza
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28423-28519 Five Mile Road, Livonia, MI 48154

Retail space for lease in a busy Livonia plaza.

Space SizeContact for details
Property Size14,373 SF
Days on Market350

Property Features for 28423-28519 Five Mile Road

General Information

Standard status Active
Size 14,373 SF
Property subtype Retail, Office
Zoning C-1

Building Details

Building Size 14,373 SF
Buildings 1
Stories 1
Tenancy Multiple Tenants
Listing Agency: Insite Commercial
Listed By: Zak Shepler · License #6501389134
Source: Cpix.resimplifi
Added: Sep 11, 2025 Changed: Aug 23 Last Checked: Aug 25 at 4:49AM

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 Insite Commercial

Investment Insights

Based on property information with market context.

Located on 5 Mile Road, between Middlebelt and Inkster Roads, Livonia 5 Plaza is positioned on a busy retail corridor and surrounded by established residential neighborhoods. The plaza features a diverse mix of tenants, ample parking, and pylon signage.

Key Highlights

  • Convenient location on a busy retail corridor on 5 Mile Road.
  • Surrounded by established residential neighborhoods.
  • Diverse mix of tenants.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Skin Care Clinic Barber Shop Furniture & Home Goods

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

435
Businesses Nearby
103k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 71% Shops & Services 29%
McDonald's Dining
26,426 visits/mo 0.5 miles
Taco Bell Dining
16,165 visits/mo 0.4 miles
Mobil Shops & Services
14,794 visits/mo 0.4 miles
Burger King Dining
11,620 visits/mo 0.4 miles
Los Tres Amigos Dining
9,831 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

Lease Benchmarks for Livonia, MI

$14 /SF/Yr
Avg Asking Price
$12–$15 /SF/Yr
Price Range
18,674 SF
Avg Space Size

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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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space for lease in a busy Livonia plaza.
Where is this shopping center located?
The property is located at 28423-28519 Five Mile Road Livonia, MI.
What are key features of this property?
This property features: Convenient location on a busy retail corridor on 5 Mile Road.; Surrounded by established residential neighborhoods.; Diverse mix of tenants.
More about this property
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