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    Property profile & analytics

    37240 5th Mile Rd Livonia, MI 48154-1848

    • Strip malls
    • 19,680 SF
    • 2.43 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 01, 2022
    Location Intelligence
    Property ID
    US43-1587716
    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

    • Sheesh / Mediterranean Restaurant
    • Marco's Pizza / Pizza Restaurant / Takeout Restaurant

    Property Details for 37240 5th Mile Rd

    Year built
    1966
    Lot size
    2.43 lot acres
    Property size
    19,680 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    46 067 02 0164 004
    APU
    46067020164004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4118
    Latitude
    42.3973
    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
    $44,934
    $0.00
    $0.00
    $799,700
    -
    $0.00
    $0.00
    $1,599,400

    Comparable in this City

    • 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
      71,320 SF

      37685 5th Mile Rd

      SHOPPING CENTER, STRIP CENTER • 71,320 SF
      37685 5th Mile Rd, Livonia, MI 48154-1543
      View Details
    • Value Estimation by Request
      36,930 SF

      33533 5th Mile Rd

      SHOPPING CENTER, STRIP CENTER • 36,930 SF
      33533 5th Mile Rd, Livonia, MI 48154-2861
      View Details

    Similar Nearby for Sale

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      Commercial Land For Sale

      Vacant commercial land with high exposure in excellent location.
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    • $299,900
      1.58 Acres

      Livonia Vacant Land Development Opportunity

      1.6 acres of vacant land zoned for multi-family use.
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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.
      30905-30997 5 Mile Rd, Livonia, MI 48154
      View Details
    • Contact for pricing
      2,350 SF

      Livonia Retail Space For Rent

      Retail space available in active neighborhood shopping center in Livonia.
      29441-29567 5 Mile Rd, Livonia, MI 48154
      View Details
    • $16 SF/Yr
      1,800 SF

      Farmington Road Office Space

      Livonia office suites, ample parking.
      15265 Farmington Rd, Livonia, MI 48154
      View Details
    • $1,500 /Mo

      MDARD-Certified Commercial Kitchen For Rent

      Temperature-controlled commercial kitchen near Detroit, perfect for culinary businesses.
      27811 5 Mile Rd, Livonia, MI 48154
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      2.0k
    • Avg Time on site
      36 min
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    37240 5th Mile Rd
    Livonia, MI 48154-1848
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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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