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    19345 Livernois Ave Detroit, MI 48221

    For Sale
    $525,000

    Restaurant property for sale with long-term tenant in place.

    Property size:
    5,600 SF
    Lot size:
    0.07 Acres

    Property Features for 19345 Livernois Ave

    General Information

    Size
    5,600 SF
    Lot size
    0.07 Acres

    Source: Landmark Commercial Real Estate Services Agent Louis Ciotti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant For Sale on Livernois

    This is a restaurant property for sale located along the "Avenue of Fashion" corridor. The building has been newly renovated, both exterior and interior. Kuzzo’s Chicken & Waffles currently occupies the space and pays $4,000 per month, NNN. The current lease term has 6 years remaining, expiring January 31, 2030, with two five-year options that include 3% annual increases. The property size is 5,600 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Gripper Food Truck, Durden's Catering, WeWillCook4U, Jackson's Five Star Catering

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.141825
    Latitude
    42.434038

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    FAQs

    What type of property is this?
    Restaurant - Restaurant property for sale with long-term tenant in place.
    Where is this restaurant located?
    The property is located at 19345 Livernois Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Located along the high-traffic "Avenue of Fashion" corridor.; - Newly renovated building, both exterior and interior.; - Current tenant (Kuzzo's Chicken & Waffles) pays $4,000/month NNN.
    (248) 488-2620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19345 Livernois Ave Detroit, MI 48221
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