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27811 5 Mile Rd

Livonia, MI
Total Size
4,370 sqft
Year Constructed
Year Renovated
Building Class

About 27811 5 Mile Rd

Great Opportunity to own a performing strip center at a 16% Cap Rate which could improve with one new tenant. Tenants include long standing Lila's Pierogi and Diva Dog Salon with daughter's clothing business taking up 1500 SF which could be open space for another $1500 a month rent increasing cap rate. Located on busy 5 Mile in Livonia next to a car wash. 24 parking spots with 8 in the front. Investors call, property management available. - Parking description: 8 Parking spots in the front 16 in the back and could have a few spots on the side of the building. - Area description: Great Retail Street with plenty of small businesses up and down Five Mile. - Number of buildings: 3 - Building condition: Good - Tenancy: Multiple Tenants

Internet Providers for 27811 5 Mile Rd

Provider Technology Max Download Speed Max Upload Speed
Bright House Networks Cable
100 Mb/s
25 Mb/s
AT&T Michigan DSL
25 Mb/s
3 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The City: Livonia

Most listings are in the $20's per square foot per year. The Livonia submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 0% increase in rent.

Compared to the rest of the Metro Detroit market, the Livonia region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Median Rate Median Size
Livonia $25
Median Rate Median Size
Metro Detroit $22

Median Rate over Time in Livonia