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    8503 Livernois St Detroit, MI 48204

    Sponsored
    For Sale
    $220,000

    800 SF Industrial Lot, M2 Zoning, Excellent Yard

    Property size:
    800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Detroit industrial property at 8503 Livernois Avenue offers 800 square feet of building space on a 0.43-acre lot. The property is zoned M2 and features an excellent storage yard secured by a 12-foot block fence and 8-inch reinforced concrete. Access is provided by one automatic gate and three swing gates. A recently constructed pre-fabricated office building is also included. The asking price is $220,000, translating to $275 per square foot. This property presents a compelling opportunity for businesses requiring secure storage and convenient access in a well-located Detroit site. The property's size and zoning make it suitable for a variety of industrial uses. The combination of secure storage space, convenient access, and a new office building makes this an attractive investment. The property is located in Wayne County, Michigan, with the address 8503 Livernois, Detroit, MI 48204.

    Property Features for 8503 Livernois St

    General Information

    Property type
    Land
    Square Feet
    800 SF
    Lot Size
    18,731 SF

    HighLights

    • 800 square feet of building space.
    • 0.43‑acre lot.
    • M2 zoning.
    • Excellent storage yard with 12‑foot block fence and 8‑inch reinforced concrete.
    • One automatic gate and three swing gates.
    • New prefabricated office building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dial a Dumpster Waste Management Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.138683
    Latitude
    42.357449

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    FAQs

    What type of property is this?
    Land - 800 SF Industrial Lot, M2 Zoning, Excellent Yard
    Where is this land located?
    The property is located at 8503 Livernois St Detroit, MI.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: 800 square feet of building space.; 0.43-acre lot.; M2 zoning.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    8503 Livernois St Detroit, MI 48204
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