Updated Retail
For Sale
$195,000
18981 Livernois Ave, Detroit, MI 48221
Recent building upgrades include mechanical systems, plumbing, electrical work, and an accessible restroom.
Property Size1,400 SF
Price / SF$139.29
Days on Market49
Property Features for 18981 Livernois Ave
General Information
Standard status
Active
Size
1,400 SF
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1939
Listing Agency:
Good Company
Listed By:
Jack Stemas
(313) 820-1041
Source:
Katie-k
Added: Sep 1
Changed: Oct 10
Last Checked: Oct 7 at 5:07PM
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 Good Company
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Investment Insights
Based on property information with market context.
This 1,400-square-foot retail storefront was built in 1939 and has received extensive interior and building-system improvements. Updates include HVAC, plumbing, electrical work, a tankless on-demand water heater, and a professionally maintained roof. The renovated bathroom is wheelchair accessible, and new security locks have been installed at both the front and rear entrances.
Located at 18981 Livernois Ave in Detroit’s Avenue of Fashion corridor, the property is surrounded by new businesses. Its prior use was a local clothing business, providing a documented retail context for the space.
Located at 18981 Livernois Ave in Detroit’s Avenue of Fashion corridor, the property is surrounded by new businesses. Its prior use was a local clothing business, providing a documented retail context for the space.
Key Highlights
- 1,400‑square‑foot retail storefront on Livernois Ave
- Extensive updates to HVAC, plumbing, and electrical systems
- Tankless on‑demand water heater installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,244
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,880
$344.9K
Cap Rate 7%
$246,343
$246.3K
Cap Rate 9%
$191,600
$191.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$26.0K $18.60/SF
− Vacancy
−$1.4K −$1.00/SF
EGI
$24.6K $17.60/SF
− OpEx
−$7.4K −$5.28/SF
NOI
$17.2K $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%
$344,880
Cap Rate 7%
$246,343
Cap Rate 9%
$191,600
Alternative Uses
Best Use
Retail
$246.3K
$215.6K – $287.4K
NOI $17,244 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.8K
$270.2K – $360.3K
NOI $21,619 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 8%
Electronics 3%
BP
Shops & Services
12,452 visits/mo
0.1 miles
Pet Supplies Plus
Shops & Services
6,947 visits/mo
0.0 miles
Dollar General
Shops & Services
6,620 visits/mo
0.1 miles
U-Haul Moving & Storage AT 7 Mile & Livernois
Shops & Services
3,913 visits/mo
0.5 miles
Comerica Bank
Shops & Services
2,946 visits/mo
0.1 miles
Demographics for 48221, MI
38,204
Population
17,452
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
7,347
Density / Sq Mi
$55,583
Median Household Income
$37,019
Median Earnings
$1,174
Median Rent
$138,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Detroit, MI
Similar Off Market Nearby
- 313FLOWERS — 19452 Livernois, Detroit, MI 48221
Frequently Asked Questions
What type of property is this?
Storefront property - Recent building upgrades include mechanical systems, plumbing, electrical work, and an accessible restroom.
Where is this storefront property located?
The property is located at 18981 Livernois Ave Detroit, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,400‑square‑foot retail storefront on Livernois Ave; Extensive updates to HVAC, plumbing, and electrical systems; Tankless on‑demand water heater installed
