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    20050 Livernois St Detroit, MI 48221

    Sponsored
    For Sale
    $1,700,000
    Property size:
    4,000 SF
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 20050 Livernois St

    General Information

    Property type
    Restaurants
    Square Feet
    4,000 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1959/2022
    Buildings
    1
    Stories
    1

    HighLights

    • Turnkey operation with essential features for immediate occupancy.
    • Seats 130 guests.
    • Includes indoor dining and two patios (one enclosed and heated).
    • Features wireless retractable patio walls and patio heaters.
    • Two restrooms and a full bar with equipment included (excluding some negotiable kitchen equipment).
    • Equipped with a walk‑in cooler/freezer and kitchen equipment (some excluded, negotiable).
    Property Profile Location Intelligence

    Current Use by Public Records

    Petty Cash Restaurant

    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
    -83.141789227385
    Latitude
    42.441055983895

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    FAQs

    Where is this restaurant located?
    The property is located at 20050 Livernois St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Turnkey operation with essential features for immediate occupancy.; Seats 130 guests.; Includes indoor dining and two patios (one enclosed and heated).
    Request Owner's contact information
    20050 Livernois St Detroit, MI 48221
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    Detroit, MI 48221
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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
    20050 Livernois St Detroit, MI 48221
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