29103-29107 5 Mile Rd - Storefront FOR SALE


Livonia, MI 48154
$259,000 USD
734-953-8881
29103-29107 5 Mile Rd, Livonia, MI for Sale
$259,000 USD
Storefront - FOR SALE
1/8
null | 8.75% Cap Rate

29103-29107 5 Mile Rd
Livonia, MI 48154


HIGHLIGHTS

  • Corner lot with dual street frontage and high traffic counts.
  • Two existing tenants on month-to-month leases below market.
  • Strong visibility and signage opportunity on 5 Mile Road.
  • On-site parking plus additional street availability.
  • Located in a dense residential and retail trade area.
  • Zoned C-2 General Business with flexible use potential.

OVERVIEW

Positioned on a high-visibility corner lot in Livonia’s thriving retail corridor, this two-unit storefront offers a compelling investment opportunity with immediate upside potential. Located at 29103–29107 5 Mile Road, the property benefits from strong frontage along both 5 Mile and Paderewski streets, with a combined 145 linear feet of exposure and a traffic count exceeding 28,500 vehicles per day. The building spans 2,475 square feet on a 4,487 SF parcel and is zoned C-2 General Business, allowing for a wide range of commercial uses. Currently occupied by two tenants on month-to-month leases—Overnight Signs and Aikido Karate—the property generates below-market rents, presenting a clear path to income growth through repositioning or lease restructuring. The site includes five dedicated parking spaces and additional street parking, and is fully heated and cooled with two HVAC units. Located just east of Middlebelt Road, the property sits within a densely populated neighborhood and a robust retail trade area anchored by national brands.

FOR SALE DETAILS

PRICE

$259,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C-2

APN/PARCEL ID

46-094-01-0134-000

ASK ABOUT THIS PROPERTY

Alex HarbPrime + Property Real EstateMore Info
734-953-8881

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Alex HarbPrime + Property Real EstateMore Info
734-953-8881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.