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    28400 5 Mile Rd Livonia, MI 48154

    Sponsored
    For Lease
    $15 SF/Yr ($15,000 /Mo)

    Livonia retail space: 1,000-1,200 sq ft available.

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Invest in this thriving Livonia retail center, Harrison Square Plaza. This well-maintained strip center offers two available spaces, each ranging from 1,000 to 1,200 square feet. The property boasts a total of 12,000 square feet and features a strong tenant mix, including established businesses like Wing Snob and Skylar Laundromat. This prime location provides excellent visibility and accessibility for your business, ensuring high foot traffic and potential for growth. The spaces are ideal for a variety of retail or restaurant concepts. The property is easily accessible and situated in a high-traffic area of Livonia, offering significant potential for customer reach. This is a fantastic opportunity to establish or expand your business in a vibrant and well-established commercial center. The available spaces are ready for immediate occupancy, allowing for a quick and efficient start to your operations. Don't miss this chance to secure your place in this successful retail destination. Contact us today to schedule a viewing and learn more about leasing opportunities.

    Property Features for 28400 5 Mile Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Total Rate
    15000

    Unit(s) available at that property

    Space
    Suite 28420
    Size
    1,200 SF
    Rate per SF
    $15
    Space
    Suite 28416
    Size
    1,000 SF
    Rate per SF
    $15

    HighLights

    • Retail property, 12,000 square feet total.
    • Two retail spaces available, ranging from 1,000 to 1,200 square feet.
    • Located in a well‑maintained shopping center in Livonia.
    • Existing tenants include Wing Snob and Skylar Laundromat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cosmic Comics And Toys Comic Book Store Girl Code Studio ... Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.325363928821
    Latitude
    42.398307639239

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    FAQs

    What type of property is this?
    Neighborhood center - Livonia retail space: 1,000-1,200 sq ft available.
    Where is this neighborhood center located?
    The property is located at 28400 5 Mile Rd Livonia, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Retail property, 12,000 square feet total.; Two retail spaces available, ranging from 1,000 to 1,200 square feet.; Located in a well-maintained shopping center in Livonia.
    Request Owner's contact information
    28400 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
    28400 5 Mile Rd Livonia, MI 48154
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