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Financial
Distress signals
Property profile

29211 5th Mile Rd Livonia, MI 48154

OFF-MARKET
Commercial real estate
Property ID
US43-0994859
1,532 SF 0.05 ac lot Built 1943
Last sale Nov 2024 · $152,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 1,528-square-foot flex/warehouse building is ideally situated in Livonia, Michigan, at 29211 Five Mile Road, in the C-2 General Business District of Wayne County. Priced at $190,000 ($124.35/sq ft), this property presents a compelling investment opportunity. The building, formerly used as a contractor's space, is conveniently located just east of Middlebelt Road. It features a spacious shop area with an overhead door, perfect for various business needs, complemented by a smaller office…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value · 2024$50k
Effective rate4.33%

Value estimate

· Oct 2026
$155k
$140k – $171k
AI approach$155k

Realmo valuation models over county records and 32 qualifying comparable sales.

Recently sold

What actually traded nearby?
$103/SF
Submarket average, outlier-cleaned · 85 recorded sales of this use type
Observed band · Q1–Q3$61 – $160
Qualifying comparables32

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.1
Parking Facility13.9
Law Firm12.8

Location

29211 5th Mile Rd Livonia, MI 48154-3827
County assessor Recorded deeds · 3 transfers 32 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27459 5th Mile, Livonia, MI 48154-3901 $195,000 Jul 2024 2,616 SF
31215 5th Mile, Livonia, MI 48154-3627 $275,000 Jan 2023 2,128 SF
28407 5th Mile, Livonia, MI 48154-3819 $260,000 Aug 2022 2,114 SF
31151 5th Mile, Livonia, MI 48154-3627 $602,268 May 2021 1,219 SF
13982 Merriman, Livonia, MI 48154-4259 $122,400 Jan 2020 2,244 SF
13955 Merriman, Livonia, MI 48154-4258 $200,000 Jun 2019 2,075 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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