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    Detroit Drinking Den Opportunity Title is generated by Realmo AI

    8867 Livernois, Detroit, MI 48204

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    For Sale
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    Newly established bar/restaurant with liquor license and parking.

    Type:Business for Sale, Retail, Mixed Use, Hospitality
    Property size:
    2,675 SF
    Price / SF:
    $280/SF
    Added:
    Jan 31, 2026
    Days on Market:
    110
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 8867 Livernois

    General Information

    Standard status
    Active
    Size
    2,675 SF
    Property subtype
    Business for Sale, Retail, Mixed Use, Hospitality

    We can help!

    Listing Contact
    George Basta
    George Basta

    Listing agent George Basta License #6502431387

    Listing office BE Realty Team

    Listing date Jan 31, 2026

    Source Crexi

    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

    HighLights

    • Sale includes all assets: building, liquor license, furniture, stock, etc.
    • Newly established "drinking den" boasting 2,600+ sq. ft of newly developed space.
    • Over 2,000 sq. ft of surface lot space for parking.
    • Located just south of the Avenue of Fashion on Livernois in Detroit.
    • Directly adjacent to the newly announced Joe Louis Greenway (27.5 mile biking and walking trail).
    • New A/C & speaker system installed in 2025.

    Overview

    This is an opportunity to own a newly established bar, described as a "drinking den," situated south of the Avenue of Fashion on Livernois in Detroit. The property features over 2,600 sq ft of newly developed space, accompanied by over 2,000 sq ft of surface lot space designated for parking. The sale encompasses all assets, including the building, liquor license, furniture, and stock. Recent updates include a new A/C and speaker system in 2025. The area is undergoing significant redevelopment, with the Joe Louis Greenway, a 27.5-mile biking and walking trail extending to the Detroit Riverfront, located directly adjacent to the property. The property can be used as bars & pubs, restaurants, retail space, retail properties & spaces, and commercial real estate.
    Location Intelligence

    Current Use by Public Records

    Soul on Ice Detroit ... Bar & Pub Varsity Lounge Nightclub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Accounting Firm

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

    Similar Places Nearby

    • Detroit Liquor Store Inc — 11414 Livernois, Detroit, MI 48204
    • 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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1388002
    Latitude
    42.3603634

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    FAQs

    What type of property is this?
    Bar & Pub - Newly established bar/restaurant with liquor license and parking.
    Where is this bar & pub located?
    The property is located at 8867 Livernois 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: Sale includes all assets: building, liquor license, furniture, stock, etc.; **Newly established "drinking den" boasting 2,600+ sq. ft of newly developed space.**; Over 2,000 sq. ft of surface lot space for parking.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing George Basta
    George Basta
    Real Estate License ID: 6502431387
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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