31425 5 Mile Rd - Bank FOR SALE


Livonia, MI 48154
$995,000 USD
419-283-7363
31425 5 Mile Rd, Livonia, MI for Sale
$995,000 USD
Bank - FOR SALE
1/2
null | Request Cap Rate

31425 5 Mile Rd
Livonia, MI 48154


HIGHLIGHTS

  • Signalized intersection location with full directional access and visibility on Five Mile and Merriman.
  • Located on a 1.10-acre site with dual curb cuts and 40 surface parking spaces.
  • CB-1 zoning designation provides flexibility for various commercial and adaptive reuse applications.
  • Proximity to major highways, including I-96, and regional employment hubs.
  • Surrounding retail base includes Kroger, Ace Hardware, and quick-service dining near Livonia Plaza.
  • Strong local demographics with more than 79,000 residents and an average household income of $115,421 within three miles.

OVERVIEW

Offered at $995,000, this former bank branch on Five Mile Road presents a rare owner-user or redevelopment opportunity in Livonia’s thriving commercial corridor. Positioned at the signalized intersection of Five Mile and Merriman, the property benefits from excellent visibility, easy ingress and egress, and high daily traffic counts of more than 30,000 combined vehicles. The building sits on a 1.10-acre parcel with 40 parking spaces and curb cuts from both Five Mile and Merriman, creating ease of access for diverse future uses. Zoned CB-1 (Low Intensity Commercial), the site accommodates various business operations, including neighborhood retail, banking, or adaptive reuse concepts such as medical office or service retail. Located just two miles from the I-96/Merriman interchange, the property offers connectivity throughout the Detroit metro region. Surrounding amenities include Livonia Plaza and numerous national brands, reinforcing strong consumer draw and retail synergy. With its functional design, ample parking ratio, and flexible zoning, this property delivers immediate conversion potential and long-term investment appeal in a densely populated area.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Comerica Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

CB-1

APN/PARCEL ID

46-085-01-0108-000

ASK ABOUT THIS PROPERTY

Dave LongCBREMore Info
419-283-7363

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Dave LongCBREMore Info
419-283-7363

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