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    19345 Livernois St Detroit, MI 48221

    Sponsored
    For Sale
    $525,000

    High-return restaurant investment, 5,600 sq ft.

    Property size:
    5,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a thriving restaurant located at 19345 Livernois in Detroit, Michigan, within the vibrant "Avenue of Fashion" corridor. The property boasts 5,600 square feet on a 0.14-acre lot, zoned B-3. The building underwent a complete renovation in 2020, showcasing a modern and appealing aesthetic both inside and out. Currently occupied by Kuzzo's Chicken & Waffles under a triple-net (NNN) lease, the property generates a strong monthly rent of $4,000. The lease has six years remaining, expiring January 31, 2030, with two five-year renewal options, each including a 3% annual rent increase. This translates to a compelling 9% cap rate on the asking price of $525,000. The 100% occupancy ensures immediate cash flow for the investor. This is a turnkey operation situated in a high-traffic area, offering significant potential for long-term growth and profitability. The property's strong tenant and favorable lease terms make it an attractive investment for discerning buyers. Please note that the tenant should not be disturbed.

    Property Features for 19345 Livernois St

    General Information

    Property type
    Restaurants
    Square Feet
    5,600 SF
    Lot Size
    6,098 SF

    Building Details

    Year Renovated
    2020

    HighLights

    • Prime restaurant space for sale on the Avenue of Fashion.
    • Building features a recent exterior and interior renovation.
    • Strong current tenant, Kuzzo's Chicken & Waffles, pays $4,000/month NNN.
    • Lease has six years remaining (expiring January 31, 2030).
    • Two five‑year renewal options with 3% annual rent increases.
    • Do not disturb tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kuzzo's Chicken & Waffles Chicken 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
    -83.141929
    Latitude
    42.434131

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    FAQs

    What type of property is this?
    Restaurant - High-return restaurant investment, 5,600 sq ft.
    Where is this restaurant located?
    The property is located at 19345 Livernois St Detroit, MI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime restaurant space for sale on the Avenue of Fashion.; Building features a recent exterior and interior renovation.; Strong current tenant, Kuzzo's Chicken & Waffles, pays $4,000/month NNN.
    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
    19345 Livernois St Detroit, MI 48221
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