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    32290 5 Mile Rd Livonia, MI 48154

    Sponsored
    For Sale
    $695,000

    6,100 SF Office Building, Excellent Location

    Property size:
    6,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,100 square foot single-story office building in Livonia, Michigan, presents a compelling owner-user or investment opportunity. Located at 32290 Five Mile Rd, Livonia, MI 48154, this mixed-use property boasts three large suites, each featuring its own private entrance, kitchen/lounge area, and bathrooms. Built in 1976 and extensively renovated in 2022, the building offers modern amenities within a convenient location. Its prime position on Five Mile Road provides excellent visibility, enhanced by prominent monument signage. The property benefits from easy access to major freeways, including I-96 and I-275, ensuring seamless commutes for employees and clients. Its proximity to Livonia City Hall and a recreation center adds to its appeal. The asking price is $695,000, translating to $113.93 per square foot. This represents a strong value proposition for a versatile property suitable for executive, medical, or traditional office uses. All information should be independently verified.

    Property Features for 32290 5 Mile Rd

    General Information

    Property type
    Medical offices
    Square Feet
    6,100 SF

    Building Details

    Year Built/Renovated
    1976/2022
    Stories
    1
    Units
    3

    HighLights

    • 6,100 SF single‑story office building in Livonia, MI, suitable for office, medical, or flex use.
    • Three large suites, each with private entrance, kitchen/lounge, and bathrooms.
    • Excellent location on Five Mile Road with monument signage, offering easy freeway access (I‑96 & I‑275).
    • Near Livonia City Hall and a recreation center.
    • Strong owner‑user or investment opportunity; asking price $695,000 ($113.93/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    DENTAL DESIGN STUDIOS Dental Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3626185
    Latitude
    42.3982854

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    FAQs

    What type of property is this?
    Medical office - 6,100 SF Office Building, Excellent Location
    Where is this medical office located?
    The property is located at 32290 5 Mile Rd Livonia, MI.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 6,100 SF single-story office building in Livonia, MI, suitable for office, medical, or flex use.; Three large suites, each with private entrance, kitchen/lounge, and bathrooms.; Excellent location on Five Mile Road with monument signage, offering easy freeway access (I-96 & I-275).
    Request Owner's contact information
    32290 5 Mile Rd Livonia, MI 48154
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    Livonia, MI 48154
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32290 5 Mile Rd Livonia, MI 48154
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