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    29005 8 Mile Rd Livonia, MI 48152

    Sponsored
    For Sale
    $299,900

    2.06 Acres, Livonia, MI - Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.06-acre commercial land parcel presents a unique investment opportunity on 8 Mile Road in Livonia, Michigan. The property boasts 269 feet of frontage on this heavily trafficked thoroughfare, experiencing over 20,000 vehicles daily, ensuring significant visibility for any development. The site's depth measures 334 feet, offering ample space for a variety of commercial projects. Strategically located just east of Middlebelt Road, this land benefits from easy access to major freeways including I-696, I-275, I-96, and the Southfield Freeway, providing excellent connectivity throughout the metro area. The property comprises three parcels: a western parcel zoned C1, Local Business, and two eastern parcels zoned OS, Office Service. The combined zoning designations allow for a multitude of commercial uses, providing flexibility for potential buyers. The asking price of $299,900 makes this a compelling opportunity to acquire prime commercial real estate in a high-traffic area with excellent access to major transportation arteries. The property's APN is C1, Local Business & OS, Office Service, and the specific zoning designations are 46-002-01-0351-000, 46-002-01-0350-000, and 46-002-01-0349-000. This property is priced to sell and offers significant potential for future development and return on investment. The address is 29005, 29009, and 29023 Eight Mile Road, Livonia, MI 48152.

    Property Features for 29005 8 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    89,734 SF

    HighLights

    • Excellent visibility on heavily trafficked 8 Mile Road (20,000+ vehicles daily).
    • $299,900 asking price.
    • 2.06‑acre parcel with 269' frontage and 334' depth on 8 Mile Road.
    • Flexible zoning (C1 & OS) allows for diverse commercial uses.
    • Prime location near I‑696, I‑275, I‑96, and the Southfield Freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.333848
    Latitude
    42.441103

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    FAQs

    What type of property is this?
    Land - 2.06 Acres, Livonia, MI - Prime Location
    Where is this land located?
    The property is located at 29005 8 Mile Rd Livonia, MI.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Excellent visibility on heavily trafficked 8 Mile Road (20,000+ vehicles daily).; $299,900 asking price.; 2.06-acre parcel with 269' frontage and 334' depth on 8 Mile Road.
    Request Owner's contact information
    29005 8 Mile Rd Livonia, MI 48152
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    Livonia, MI 48152
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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
    29005 8 Mile Rd Livonia, MI 48152
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