Bank on Success: Former Livonia Branch Sold in Just 42 Days
Livonia, MI – [August 20, 2025] – P.A. Commercial is pleased to announce the successful sale of 34000 7 Mile Rd in Livonia, a 3,055-square-foot former bank branch with a drive-thru located along one of the city’s most active retail corridors. Represented by Peter Ventura and Matt Schiffman, the property was placed under contract in just 42 days and sold for 30% over asking price.
With traffic counts exceeding 26,000 vehicles per day, strong household incomes in the surrounding area, and a prime location along a busy retail corridor, this property drew significant buyer interest. Former bank branches continue to be highly attractive to investors and developers due to their strong visibility, flexible layouts, and drive-thru functionality—features that appeal to a wide variety of users, including financial institutions, medical offices, quick-service restaurants, and other retail operators.
This transaction marks the second bank branch sold on behalf of client CFCU, with another property currently listed for sale in Gaylord.
“Our team has a deep understanding of the Livonia market and the broader I-275 corridor, which continues to attract strong investor demand,” said Peter, Founding Member at P.A. Commercial. “This sale underscores our ability to strategically position properties in high-traffic, high-income areas and deliver quick results for our clients.”
P.A. Commercial remains committed to helping clients maximize the value of their assets across Metro Detroit and beyond.