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    16245 Livernois St Detroit, MI 48221

    For Sale
    $625,000

    Vacant QSR, redevelopment opportunity.

    Property size:
    1,766 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 1,766 square foot former Burger King, located at 16245 Livernois in Detroit, Michigan, presents a compelling owner-user or redevelopment opportunity. The property sits on a 0.28-acre lot and boasts a drive-thru, ideal for quick-service restaurants or similar businesses. Built in 1996, the building is zoned B-4 (General Business District), allowing for a wide range of commercial uses. Its prime location along Livernois Avenue offers excellent visibility and accessibility, benefiting from an average daily traffic count of 23,800 vehicles. Furthermore, the property enjoys convenient access to State Highway 10 (162,000 VPD) and State Highway 8 (98,500 VPD), enhancing its strategic position. The surrounding area features a strong tenant presence, including McDonald's, ALDI, and other national and regional retailers, creating a robust consumer base. The property's proximity to the University of Detroit Mercy (over 5,200 students) and numerous residential communities provides a direct and substantial customer pool. The 5-mile trade area boasts over 414,000 residents and 124,500 employees, with an average annual household income of $62,954. This fee simple ownership (land and building) offers tremendous value at an asking price of $625,000 ($353.91/sq ft). The property's combination of location, zoning, and existing infrastructure makes it an attractive investment for both redevelopment and lease-up scenarios.

    Property Features for 16245 Livernois St

    General Information

    Property type
    Restaurants
    Square Feet
    1,766 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1996

    HighLights

    • Excellent redevelopment or lease‑up potential.
    • B‑4 General Business zoning.
    • High value‑add opportunity.
    • Prominent Livernois Avenue location.
    • Centrally located.
    • Strong existing tenant occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burger King Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -83.1409926
    Latitude
    42.4119964

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    FAQs

    What type of property is this?
    Restaurant - Vacant QSR, redevelopment opportunity.
    Where is this restaurant located?
    The property is located at 16245 Livernois St Detroit, MI.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Excellent redevelopment or lease-up potential.; B-4 General Business zoning.; High value-add opportunity.
    (248) 688-0630
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    16245 Livernois St 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
    16245 Livernois St Detroit, MI 48221
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