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    Property profile & analytics

    28400 5 Mile Rd Livonia, MI 48154

    • Strip malls
    • 12,200 SF
    • 1.19 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $1,630,000
    Last Sale
    Jun 22, 2022
    $1,500,000
    Location Intelligence
    Property ID
    US43-1214487
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cosmic Comics And Toys / Comic Book Store
    • Girl Code Studio Salon / Hair Salon

    Property Details for 28400 5 Mile Rd

    Year built
    1973
    Construction
    BRICK
    Lot size
    1.19 lot acres
    Property size
    12,200 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    46 051 99 0063 000
    APU
    46051990063000

    Description

    Invest in this thriving Livonia retail center, Harrison Square Plaza. This well-maintained strip center offers two available spaces, each ranging from 1,000 to 1,200 square feet. The property boasts a total of 12,000 square feet and features a strong tenant mix, including established businesses like Wing Snob and Skylar Laundromat. This prime location provides excellent visibility and accessibility for your business, ensuring high foot traffic and potential for growth. The spaces are ideal for a variety of retail or restaurant concepts. The property is easily accessible and situated in a high-traffic area of Livonia, offering significant potential for customer reach. This is a fantastic opportunity to establish or expand your business in a vibrant and well-established commercial center. The available spaces are ready for immediate occupancy, allowing for a quick and efficient start to your operations. Don't miss this chance to secure your place in this successful retail destination. Contact us today to schedule a viewing and learn more about leasing opportunities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,870,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,495,000
      6.5%
      $1,400,000
      7%
      $1,520,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,280,000
      Geo Method
      $1,455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,550,000
      Retail
      $1,535,000
      Mixed-Use
      $1,565,000
      Hospitality
      $1,605,000
      Educational
      $1,375,000
      Residential Income
      $1,380,000
      Energy
      $1,500,000
      Income-Based Land
      $1,310,000
      Food Service
      $1,390,000

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3254
    Latitude
    42.3988
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,869
    $0.00
    $0.00
    $567,200
    -
    $0.00
    $0.00
    $1,134,400

    Comparable in this City

    • Value Estimation by Request
      6,670 SF

      37464 5th Mile Rd

      SHOPPING CENTER, STRIP CENTER • 6,670 SF
      37464 5th Mile Rd, Livonia, MI 48154-1542
      View Details
    • Value Estimation by Request
      9,712 SF

      16701 Middlebelt Rd

      SHOPPING CENTER, STRIP CENTER • 9,712 SF
      16701 Middlebelt Rd, Livonia, MI 48154-3355
      View Details
    • Value Estimation by Request
      11,233 SF

      15348 Middlebelt Rd

      SHOPPING CENTER, STRIP CENTER • 11,233 SF
      15348 Middlebelt Rd, Livonia, MI 48154
      View Details
    • Value Estimation by Request
      2,259 SF

      15379 Farmington Rd

      SHOPPING CENTER, STRIP CENTER • 2,259 SF
      15379 Farmington Rd, Livonia, MI 48154-2870
      View Details
    • Value Estimation by Request
      2,980 SF

      36174 5th Mile Rd

      SHOPPING CENTER, STRIP CENTER • 2,980 SF
      36174 5th Mile Rd, Livonia, MI 48154-1919
      View Details
    • Value Estimation by Request
      19,680 SF

      37240 5th Mile Rd

      SHOPPING CENTER, STRIP CENTER • 19,680 SF
      37240 5th Mile Rd, Livonia, MI 48154-1848
      View Details

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      Livonia Vacant Land Development Opportunity

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    Similar Nearby for Lease

    • $14 SF/Yr
      27,723 SF

      Retail Space Near I-96 & I-275

      Retail spaces available in neighborhood center near I-96 & I-275.
      33653-33897 5 Mile Rd, Livonia, MI 48154
      View Details
    • $15 SF/Yr
      12,000 SF

      Harrison Square Plaza Retail Space

      Livonia retail space: 1,000-1,200 sq ft available.
      28400 5 Mile Rd, Livonia, MI 48154
      View Details
    • Contact for pricing
      23,800 SF

      Retail Space in Livonia Plaza

      Retail space for lease anchored by Kroger in Livonia.
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      View Details
    • Contact for pricing
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      Livonia Retail Space For Rent

      Retail space available in active neighborhood shopping center in Livonia.
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    • $18 SF/Yr
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      Updated Retail Space on Middlebelt

      Updated 2,400 SF retail space with signage available for lease.
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    • $1,332 /Mo

      Commercial Space on Middlebelt, Livonia

      Versatile commercial space suitable for retail or office use.
      16312 Middlebelt Rd, Livonia, MI 48154
      View Details
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    28400 5 Mile Rd
    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
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