Detroit Commercial Building with
For Sale
$199,000
8300 Livernois Ave, Detroit, MI 48204
Well-maintained 1,200 sq. ft. building with drive-thru and parking.
Property Size1,227 SF
Price / SF$162.18
Days on Market194
Property Features for 8300 Livernois Ave
General Information
Standard status
Active
Size
1,227 SF
Building Details
Year Built
1933
Listing Agency:
Keller Williams Home
Listed By:
Dairek Yaldoo · License #375066
(248) 275-7291
Source:
Katie-k
Added: Mar 27
Changed: Sep 13
Last Checked: Oct 6 at 12:41AM
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 Keller Williams Home
Investment Insights
Based on property information with market context.
This 1,200 sq. ft. commercial building is located on Detroit's Westside. The property features a drive-thru, a large parking lot, and extra land. Previously used as a restaurant and currently used as an office, the versatile space is suitable for a restaurant, office, or retail business. The property offers visibility and potential for an owner-user or investor.
Key Highlights
- Versatile 1,200 sq. ft. commercial building suitable for restaurant, office, or retail.
- Includes a drive‑thru, enhancing business potential.
- Large parking lot provides ample customer parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,113
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,260
$302.3K
Cap Rate 7%
$215,900
$215.9K
Cap Rate 9%
$167,922
$167.9K
Market Conditions
NOI Build-Up for 1,227 SF
Gross rent
$22.8K $18.60/SF
− Vacancy
−$1.2K −$1.00/SF
EGI
$21.6K $17.60/SF
− OpEx
−$6.5K −$5.28/SF
NOI
$15.1K $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%
$302,260
Cap Rate 7%
$215,900
Cap Rate 9%
$167,922
Alternative Uses
Best Use
Retail
$215.9K
$188.9K – $251.9K
NOI $15,113 @ 7.0% cap · market cap 7.59%
Second Best
Office B
$177.6K
$155.4K – $207.2K
NOI $12,431 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$270.7K
$236.9K – $315.8K
NOI $18,948 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained 1,200 sq. ft. building with drive-thru and parking.
Where is this retail space located?
The property is located at 8300 Livernois Ave Detroit, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Versatile 1,200 sq. ft. commercial building suitable for restaurant, office, or retail.; Includes a drive‑thru, enhancing business potential.; Large parking lot provides ample customer parking.
