Property profile

37657 5 Mile Rd Livonia, MI 48154

OFF-MARKET
Land
0.2 ac lot
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Property summary

AI-generated overview

This exceptional 0.2-acre commercial land parcel presents a unique investment opportunity in Livonia, Michigan. Situated at the highly visible corner of Five Mile Road and Newburgh Road, this property boasts a strategic location within a thriving commercial area. The C-1 zoning allows for a wide range of commercial uses, making it ideal for businesses seeking high visibility and accessibility. The lot's prominent position benefits from proximity to major traffic arteries, ensuring significant exposure to potential customers. Its location near Madonna University, a major hospital, and established national retailers like Planet Fitness creates a strong foundation for success. This single-tenant ground lease opportunity is perfect for businesses looking to establish a strong presence in a densely populated and rapidly growing area. The property is conveniently located in Wayne County, with easy access to major transportation routes, making it an attractive option for both local and regional businesses. This is a rare chance to acquire a highly desirable commercial land parcel in a prime location with significant growth potential. The address is 37657 Five Mile Rd, Livonia, MI 48154.

Property profile

Verified
Property type Land
Lot 0.2 ac (8,712 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Hair Salon

Location

37657 5 Mile Rd Livonia, MI 48154
Livonia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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