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33503-33533 5 Mile Rd 36,930 SF 100% Leased Retail Building Livonia, MI 48154 $3,415,250 ($92.48/SF) 8% Cap Rate

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EXECUTIVE SUMMARY

Fully leased property with three (3) tenants. Grocer has been Tenant since 2001, True Value since 2015. Property significantly over-parked with outlot value-add opportunity possible.

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
36,930 SF
Building Class
C
Year Built/Renovated
1960/1990
Price
$3,415,250
Price Per SF
$92.48
Cap Rate
8%
NOI
$273,220
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
3.37 AC
Zoning
C-2 - C-2 General Business provides for most retail uses.
Parking
227 Spaces (6.15 Spaces per 1,000 SF Leased)
Frontage
478’ on 5 Mile Rd

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Alpha Spa Nails
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Stan's Market Inc
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

True Value has a proud heritage of supporting the growth and success of independent retailers—it’s how they started, how they operate now, and how they see the future. In an age of retail chains and big boxes, they understand that both retail and wholesale customers still value quality products, exceptional service, and expert advice. This is the foundation of their business. After seven decades working with independent hardware retailers, today’s True Value is not only a stalwart of the industry, but also has the experience, the relationships, and most importantly the network of independent stores to ensure a long and bright future for the business. In 1948, John Cotter founded Cotter & Company, a retailer-owned company that included independently owned and operated stores. With the purchase of Hibbard, Spencer, and Bartlett in 1963, Cotter not only acquired the company but also the True Value trademark—a long-standing brand and presence since 1932.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Alpha Spa Nails Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Stan's Market Inc Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
46-081-99-0007-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,490,100
  • Listing ID: 38176262

  • Date on Market: 10/22/2025

  • Last Updated:

  • Address: 33503-33533 5 Mile Rd, Livonia, MI 48154

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