Retail Space
For Sale
Contact for pricing
36700 Five Mile Road, Livonia, MI 48154
Retail space for sale, 5309 square feet.
Property Size5,309 SF
Price / SF$0.54
Days on Market221
Property Features for 36700 Five Mile Road
General Information
Standard status
Active
Size
5,309 SF
Listing Agency:
Keller Williams Paint Creek
(248) 609-8000
Listed By:
Brock Bean · License #6501462328
(586) 876-1140
Source:
Jimdehaan
Added: Mar 25
Changed: Oct 30
Last Checked: Oct 30 at 1:18PM
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 Paint Creek
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features a retail space with a size of 5309 square feet. The property is located on Five Mile Road in Livonia, Michigan.
Key Highlights
- Retail space available
- Size: 5309 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,304
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,080
$1.0M
Cap Rate 7%
$718,629
$718.6K
Cap Rate 9%
$558,933
$558.9K
Market Conditions
NOI Build-Up for 5,309 SF
Gross rent
$76.4K $14.40/SF
− Vacancy
−$4.6K −$0.86/SF
EGI
$71.9K $13.54/SF
− OpEx
−$21.6K −$4.06/SF
NOI
$50.3K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,080
Cap Rate 7%
$718,629
Cap Rate 9%
$558,933
Alternative Uses
Best Use
Retail
$718.6K
$628.8K – $838.4K
NOI $50,304 @ 7.0% cap · market cap 1,749.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$982.9K
$860.1K – $1.15M
NOI $68,805 @ 7.0% cap · market cap 2,393.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 21%
Electronics 3%
BP
Shops & Services
8,722 visits/mo
0.1 miles
Shell
Shops & Services
8,360 visits/mo
0.4 miles
Independent Bank
Shops & Services
3,857 visits/mo
0.5 miles
Mobil
Shops & Services
3,711 visits/mo
0.4 miles
Little Caesars Pizza
Dining
3,604 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space for sale, 5309 square feet.
Where is this retail space located?
The property is located at 36700 Five Mile Road Livonia, MI.
What are key features of this property?
This property features: Retail space available; Size: 5309 square feet
