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    37700 6 Mile Rd Livonia, MI 48152

    Sponsored
    For Lease
    Contact for pricing

    High-traffic shopping center, spaces available

    Lot size:
    489,987 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Laurel Park Mall, located at 37700 West Six Mile Road in Livonia, Michigan, presents a prime retail investment opportunity. This established shopping center, totaling 489,987 square feet, sits on a spacious 31-acre lot in Wayne County, offering ample parking with 2,910 spaces. Built in 1989 and renovated in 2015, the property boasts a strong tenant mix, including anchor stores Von Maur and Dunham's Sports, along with over 75 additional stores and eateries. The center also features convenient amenities such as a food court and a children's play area, enhancing the shopping experience and attracting a diverse customer base. Currently, there are multiple retail spaces available, ranging in size from 855 square feet to 2,954 square feet, providing flexibility for various business needs. The property's strategic location in Livonia, Michigan (zip code 48152), ensures high visibility and accessibility for potential tenants and customers. This well-maintained and established shopping center offers a compelling investment opportunity within a thriving retail market. The property's size, amenities, and anchor tenants create a strong foundation for continued success and growth.

    Property Features for 37700 6 Mile Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    489,987 SF

    Building Details

    Year Built/Renovated
    1989/2015

    Unit(s) available at that property

    Space
    D-360
    Size
    855 SF
    Space
    G-500
    Size
    2,954 SF
    Space
    D-270
    Size
    2,858 SF

    HighLights

    • 489,987 square foot retail center on a 31‑acre lot in Livonia, MI.
    • Excellent location, minutes from I‑94, I‑96, I‑275, and I‑696.
    • Ideally situated between Detroit and Ann Arbor, drawing affluent shoppers from Wayne and Oakland Counties.
    • Located in Livonia, Michigan's ninth largest city, with a low unemployment rate and numerous major corporations.
    • Strong trade area with seven nationally accredited colleges and universities, including Madonna University and Schoolcraft Community College.
    • Anchored by Von Maur and Dunham's Sports, with over 75 additional stores and a food court.
    Property Profile Location Intelligence

    Current Use by Public Records

    AhHa Noodles Chinese Restaurant Wu Sing Acupressure Acupuncture Clinic Bella Donne Boutique Clothing Store Proactiv Automated Kiosk Skin Care Products Vending Machine ecoATM Electronics Vending Machine

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4159889
    Latitude
    42.413872

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center, spaces available
    Where is this lifestyle center located?
    The property is located at 37700 6 Mile Rd Livonia, MI.
    What are key features of this property?
    This property features: 489,987 square foot retail center on a 31-acre lot in Livonia, MI.; Excellent location, minutes from I-94, I-96, I-275, and I-696.; Ideally situated between Detroit and Ann Arbor, drawing affluent shoppers from Wayne and Oakland Counties.
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    37700 6 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
    37700 6 Mile Rd Livonia, MI 48152
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