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    19337 Livernois St Detroit, MI 48221

    Sponsored
    For Sale
    $150,000

    Prime Detroit location, 0.07 acres, high-traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.07-acre commercial land parcel, totaling 2,942 square feet, presents a unique investment opportunity on Detroit's historic Livernois "Avenue of Fashion." Situated at 19337 Livernois, in Wayne County, Michigan (zip code 48221), this property benefits from its prime location amidst a thriving retail corridor. The surrounding area boasts a vibrant mix of established businesses, including popular restaurants like Kuzzo's Chicken and Waffles, Pequeno, Good Cakes and Bakes, and Goodtimes on the Ave, alongside other retail establishments such as Yoshi Hibachi, Heritage Optical, City Man, Times Square, Mad Hatter, The Shoe Box, and Bucharest Grill. This high-traffic area ensures excellent visibility and accessibility for any future development. The "Avenue of Fashion" is a key component of the City of Detroit's 7/Liv Development plan, which has seen significant recent investment in retail, mixed-use projects, and infrastructure improvements. This investment makes this property an attractive prospect for entrepreneurs and developers seeking a foothold in a rapidly revitalizing area of Detroit. The asking price for this exceptional land parcel is $150,000.

    Property Features for 19337 Livernois St

    General Information

    Property type
    Land
    Lot Size
    3,049 SF

    HighLights

    • 0.07‑acre commercial lot (2,942 sq ft) available for $150,000.
    • Located at 19337 Livernois Ave, Detroit, MI 48221, in Wayne County.
    • Prime location on Livernois Avenue of Fashion, a thriving retail corridor.
    • Surrounded by established restaurants and retail businesses.
    • Benefits from the City of Detroit's 7/Liv Development plan and recent infrastructure improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rooting for Everybody mural ... Tourist Attraction

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.141929
    Latitude
    42.434032

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    FAQs

    What type of property is this?
    Land - Prime Detroit location, 0.07 acres, high-traffic area.
    Where is this land located?
    The property is located at 19337 Livernois St Detroit, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 0.07-acre commercial lot (2,942 sq ft) available for $150,000.; Located at 19337 Livernois Ave, Detroit, MI 48221, in Wayne County.; Prime location on Livernois Avenue of Fashion, a thriving retail corridor.
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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
    19337 Livernois St Detroit, MI 48221
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