Bar and Restaurant with Heated
8867 Livernois Avenue Unit SourceFi Detroit, MI 48204
8867 Livernois Avenue Unit SourceFi, Detroit, MI, 48204
$749,900
For Sale
$749,900
Built-out bar and restaurant with indoor and outdoor seating, heated patio, and surface parking included with the sale.
Property Size2,400 SF
Price / SF$312.46
Days on Market182
Property Features for 8867 Livernois Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
BE Realty Team
(586) 212-8820
Listed by
George Basta
(586) 212-8820
Source
Xome
Added: Jan 22 Updated: Jul 18 at 2:10AM Checked: Jul 22 at 3:48AM
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 BE Realty Team
Investment Insights
Based on property information with market context.
This newly established bar and restaurant space has been fully built-out and renovated, with a complete audio sound system, camera system, security system, and POS system. The sale includes all assets listed in the remarks, including the building and liquor license, along with furniture and stock. The concept supports occupancy for up to 120 people, with indoor and outdoor seating and heated patio seating.
Located just south of the Avenue of Fashion on Livernois in Detroit, the property also includes a substantial surface lot for parking. The Joe Louis Greenway, a 27.5-mile biking and walking trail that extends to the Detroit Riverfront, is directly adjacent to the property.
For buyers seeking an operationally ready, turn-key bar and restaurant offering, the current buildout and included systems support an immediate transition for qualified operators.
Located just south of the Avenue of Fashion on Livernois in Detroit, the property also includes a substantial surface lot for parking. The Joe Louis Greenway, a 27.5-mile biking and walking trail that extends to the Detroit Riverfront, is directly adjacent to the property.
For buyers seeking an operationally ready, turn-key bar and restaurant offering, the current buildout and included systems support an immediate transition for qualified operators.
Key Highlights
- Newly developed 2,600+ sq. ft. built‑out bar and restaurant space with indoor and outdoor seating
- Heated patio seating for added outdoor use
- Over 2,000 sq. ft. surface lot space included for parking
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $18.60 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $42.2k | $17.60 |
| − OpEx | −$10.6k | −$4.40 |
| NOI | $31.7k | $13.20 |
2,400 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$452.5K
$395.9K – $527.9K
NOI $31,672 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.4K
$463.3K – $617.7K
NOI $37,061 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- STAK$ Bar And Grill — 8755 W Grand River Ave, Detroit, MI 48204
- Soul on Ice Detroit Drinking Den — 8867 Livernois, Detroit, MI 48204
- Chicago Blu'z Bar & Grill — 8203 W Chicago, Detroit, MI 48204
- Varsity Lounge — 8867 Livernois, Detroit, MI 48204
FAQs
What type of property is this?
Bar & Pub - Built-out bar and restaurant with indoor and outdoor seating, heated patio, and surface parking included with the sale.
Where is this bar & pub located?
The property is located at 8867 Livernois Avenue Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Newly developed 2,600+ sq. ft. built‑out bar and restaurant space with indoor and outdoor seating; Heated patio seating for added outdoor use; Over 2,000 sq. ft. surface lot space included for parking
