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    30935-30979 5 Mile Rd Livonia, MI 48154

    Sponsored
    For Lease
    Contact for pricing

    High-traffic Livonia retail space available.

    Lot size:
    137,205 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Livonia Plaza, located at 30935-30979 Five Mile Rd, Livonia, MI 48154, presents a significant retail opportunity in Wayne County. This free-standing, multi-tenant property boasts a total of 137,205 square feet, with 23,800 square feet currently available for lease. The property's prime location in Livonia offers excellent visibility and accessibility for businesses seeking a strong presence in a thriving market. The substantial square footage of the available space provides ample room for a variety of retail concepts, allowing for customization and expansion. The building's overall size and multi-tenant configuration suggest a well-established and successful retail center. This is an exceptional chance to secure a prominent retail location in a high-demand area. The property is classified as Retail and is situated in a convenient location within Livonia, offering easy access for customers and employees. The available space presents a unique opportunity for businesses looking to establish or expand their retail operations in a bustling commercial area of Wayne County, Michigan. Interested parties should inquire for lease terms and conditions.

    Property Features for 30935-30979 5 Mile Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    137,205 SF

    Unit(s) available at that property

    Space
    Suite MAJ-B
    Size
    23,800 SF

    HighLights

    • Kroger‑anchored center with strong sales history and multiple expansions.
    • National tenants include Pearle Vision, Great Clips, Sally Beauty, and Tropical Smoothie.
    • Prime location on Five Mile Road, a highly developed retail corridor near Detroit with no future infill potential.
    • Over 2.1 million shopper visits in the past year (Placer.ai).
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    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
    -83.3489399
    Latitude
    42.3969985

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic Livonia retail space available.
    Where is this individual retail property located?
    The property is located at 30935-30979 5 Mile Rd Livonia, MI.
    What are key features of this property?
    This property features: Kroger-anchored center with strong sales history and multiple expansions.; National tenants include Pearle Vision, Great Clips, Sally Beauty, and Tropical Smoothie.; Prime location on Five Mile Road, a highly developed retail corridor near Detroit with no future infill potential.
    Request Owner's contact information
    30935-30979 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
    30935-30979 5 Mile Rd Livonia, MI 48154
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