29157 5th Mile Rd, Livonia, MI 48154-3825
This 854-square-foot retail building, located at 29157 Five Mile Road in Livonia, Michigan, presents a fantastic investment opportunity. Built in 1946 and renovated in 2000, the property sits on a 0.05-acre lot and boasts C-2 general business zoning, allowing for diverse uses including retail, office, and medical. Currently configured as office space, the building offers ample flexibility for a variety of businesses. The property includes six on-site parking spaces, a significant advantage for customers and employees. Its strategic location on Five Mile Road provides exceptional visibility, with an estimated 18,561 vehicles passing daily. Convenient access to I-96 and I-275 freeways ensures easy accessibility for customers and employees. The asking price for this well-maintained property is $149,000. The Wayne County property's APN is 46-094-01-0126-000. This is a rare opportunity to acquire a versatile commercial property in a thriving Livonia location. Don't miss out on this chance to own a piece of this high-traffic corridor.
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Action Construction Co. Construction Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.