Description

We are pleased to present this opportunity. New Five Plaza offers an outlot opportunity for ground lease at the broker’s advertised address of 37657 Five Mile Road in Livonia, Michigan. Gerdom Realty & Investment describes the location as the corner of Newburgh Road and Five Mile Road, near Madonna University, a major hospital, Planet Fitness and other retailers. Michael Murphy is the primary listing contact. This offering concerns a proposed use of land associated with the shopping center; it is not marketed as a delivered 6,650 SF building or an available inline storefront.

Gerdom’s space schedule advertises 6,650 SF, while the gallery’s annotated aerial labels approximately 0.2 acres available for ground lease. These are different area measures: 0.2 acres is approximately 8,712 square feet of land. Both the surveyed land area and the meaning of the advertised space size need confirmation. No buildable area, subdivision, drive-through approval or construction completion is established by the reviewed material.

The annotated aerial marks a portion of the paved parking area near the corner. Other Gerdom photographs show the shopping center and its surrounding parking from different aerial angles. These photographs provide site context and do not mean that the existing occupied stores are part of this ground lease. The current footprint, access rights, parking allocation, utilities, easements and site improvements remain to be confirmed through the listing team and the city.

The parcel references also need reconciliation. Gerdom identifies APN 46-073-99-0001-005. Livonia’s current record for that parcel describes a 1.898-acre shopping-center property, C-1 zoning and a 15,061 SF building constructed in 1992. Those parent-property figures are not the size or construction year of the advertised outlot. CPIX instead references parcel ending 006, which returns no current record in the city search. An address search for 37657 also links to parcel ending 008, a separate restaurant property; its building figures have not been adopted. Parcel-specific zoning and the exact outlot boundary require confirmation.

Ground rent is negotiable. The broker’s ground-lease term field states 5 without a displayed unit, and no verified operating-expense basis, commencement date or delivery commitment is supplied. Contact the listing team for current economics, the proposed lease footprint, term, permitted use and development requirements before relying on a site plan.