Merri-Five Plaza Shopping
For Lease
$15 SF/Yr
31072 Five Mile Road, Livonia, MI 48154
Suites may be combined to accommodate larger tenant requirements.
Space Size800 SF - 3,200 SF
Property Size78,999 SF
Days on Market69
Property Features for 31072 Five Mile Road
General Information
Standard status
Active
Size
800 SF - 3,200 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
78,999 SF
Year Built
1960
Tenancy
Multi
Spaces For Lease
at 31072 Five Mile Road Contact us- Size
- 800 SF
- Type
- Strip Center
- Term
- Negotiable
15420 $18/SF/Yr
- Size
- 2,900 SF
- Type
- Strip Center
- Term
- Negotiable
31088 $15/SF/Yr
- Size
- 1,600 SF
- Type
- Strip Center
- Term
- Negotiable
31090 $15/SF/Yr
- Size
- 1,600 SF
- Type
- Strip Center
- Term
- Negotiable
31092 $15/SF/Yr
- Size
- 1,600 SF
- Type
- Strip Center
- Term
- Negotiable
31128 $15/SF/Yr
- Size
- 3,200 SF
- Type
- Strip Center
- Term
- Negotiable
31134 $15/SF/Yr
- Size
- 1,600 SF
- Type
- Strip Center
- Term
- Negotiable
31152 $15/SF/Yr
- Size
- 2,100 SF
- Type
- Strip Center
- Term
- Negotiable
31172 $15/SF/Yr
- Size
- 2,145 SF
- Type
- Strip Center
- Term
- Negotiable
31228 $15/SF/Yr
Show more
Listing Agency:
First Commercial Realty & Development Inc.
(248) 352-5000
Listed By:
David Greene
Source:
Firstcommercial
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 2:17PM
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 First Commercial Realty & Development Inc.
Investment Insights
Based on property information with market context.
Merri-Five Plaza is a shopping center with suites that ownership can combine for larger tenants. The property was built in 1960 and offers a tenant roster that includes Merriman Drugs, Dollar Tree, Tandy Leather, and Advance America.
Located at the northeast corner of Merriman Road and Five Mile Road in Livonia, Michigan, the center provides a recognizable retail setting at a major local intersection. The property address is 31072 Five Mile Road, Livonia, MI 48154.
Located at the northeast corner of Merriman Road and Five Mile Road in Livonia, Michigan, the center provides a recognizable retail setting at a major local intersection. The property address is 31072 Five Mile Road, Livonia, MI 48154.
Key Highlights
- Suites may be combined for larger tenants
- Shopping center built in 1960
- Northeast corner of Merriman Road and Five Mile Road
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
157k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 37%
Dining 20%
Apparel 2%
Kroger
Groceries
61,423 visits/mo
0.2 miles
Dollar Tree
Shops & Services
24,539 visits/mo
0.2 miles
Shell
Shops & Services
12,847 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
10,892 visits/mo
0.2 miles
Tim Hortons
Dining
10,789 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
Lease Benchmarks for Livonia, MI
$14 /SF/Yr
Avg Asking Price
$12–$15 /SF/Yr
Price Range
18,674 SF
Avg Space Size
This space is priced 7% above the average of $14 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Suites may be combined to accommodate larger tenant requirements.
Where is this shopping center located?
The property is located at 31072 Five Mile Road Livonia, MI.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Suites may be combined for larger tenants; Shopping center built in 1960; Northeast corner of Merriman Road and Five Mile Road
