Two-Story Mixed-Use
New
For Sale
$400,000
13537 Livernois Avenue, Detroit, MI 48238
Multiple open rooms, private offices, vendor shelving, and an attached parking lot support a range of commercial configurations.
Property Size1,951 SF
Price / SF$205.02
Days on Market2
Property Features for 13537 Livernois Avenue
General Information
Standard status
Active
Size
1,951 SF
Property subtype
Commercial
Zoning
Commercial, Multiple, Offic
Site & Location
Neighborhood
Davison-Schoolcraft
Taxes and HOA fees
Annual Taxes
$644
Amenities
public restrooms
private offices
storage areas
stage
art-gallery room
Building Details
Building Size
1,951 SF
Year Built
1935
Stories
2
Listing Agency:
Front Page Properties
Listed By:
Jalen James · License #3531944
(313) 676-0454
Source:
Case-realty
Added: Nov 3
Last Checked: Nov 3 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Front Page Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The two-story mixed-use property includes more than 11,625 square feet above grade and comprises three addresses: 13535, 13537, and 13521 Livernois Avenue. Its first floor has three large open areas, several private offices, storage rooms, and installed retail shelving; one office includes a private bathroom. A section of the first floor has ceilings exceeding 12 feet. Two stairways lead to the second floor, where an open room includes a stage and a separate enclosed gallery room has its own storage closet. Public restrooms are located on both floors, with stalls and vanities in place.
An attached parking lot serves the property. The basement associated with 13535 Livernois Avenue measures more than 9,000 square feet and is divided into rooms previously used for manufacturing. The property was built in 1935.
An attached parking lot serves the property. The basement associated with 13535 Livernois Avenue measures more than 9,000 square feet and is divided into rooms previously used for manufacturing. The property was built in 1935.
Key Highlights
- More than 11,625 square feet of above‑grade space across two stories
- Three addresses included: 13535, 13537, and 13521 Livernois Avenue
- Attached parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,030
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,600
$480.6K
Cap Rate 7%
$343,286
$343.3K
Cap Rate 9%
$267,000
$267.0K
Market Conditions
NOI Build-Up for 1,951 SF
Gross rent
$36.3K $18.60/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$34.3K $17.60/SF
− OpEx
−$10.3K −$5.28/SF
NOI
$24.0K $12.32/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,600
Cap Rate 7%
$343,286
Cap Rate 9%
$267,000
Alternative Uses
Best Use
Retail
$343.3K
$300.4K – $400.5K
NOI $24,030 @ 7.0% cap · market cap 6.01%
Second Best
Mixed Use
$331.1K
$289.7K – $386.3K
NOI $23,178 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$430.4K
$376.6K – $502.1K
NOI $30,128 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
93k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 40%
Electronics 1%
Taco Bell
Dining
12,952 visits/mo
0.3 miles
Wendy's
Dining
9,889 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
8,852 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,752 visits/mo
0.4 miles
Exxon
Shops & Services
6,892 visits/mo
0.0 miles
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple open rooms, private offices, vendor shelving, and an attached parking lot support a range of commercial configurations.
Where is this mixed-use property located?
The property is located at 13537 Livernois Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: More than 11,625 square feet of above‑grade space across two stories; Three addresses included: 13535, 13537, and 13521 Livernois Avenue; Attached parking lot
