Property profile

18955 Livernois St Detroit, MI 48221

OFF-MARKET
Retail properties & Spaces
2,000 SF Built 1954
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Property summary

AI-generated overview

This exceptional freestanding retail or restaurant property, located at 18955 Livernois Avenue in Detroit, Michigan, presents a unique investment opportunity. The building, situated on a 0.69-acre lot, boasts a total of 2,000 square feet, with 1,440 square feet currently available for lease. Constructed in 1954 and extensively renovated in 2023, the property is in excellent condition. The single-story building features 220 Amps and 440 Volts of power, making it suitable for a variety of uses. The zoning is B2, and the Wayne County APN is 16017584-5. The property's convenient location on Livernois Avenue, near the intersection with 7 Mile Road, places it within the Detroit W of Woodward submarket, offering high visibility and accessibility. The recent 2023 renovation included a build-out suitable for a carry-out restaurant, showcasing its adaptability. This is a rare opportunity to acquire a well-maintained, versatile commercial space in a thriving Detroit neighborhood. The property's size and location make it ideal for a variety of retail or restaurant concepts. The ample lot size offers potential for future expansion or outdoor seating. Don't miss this chance to secure a prime commercial property in a rapidly developing area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1954
Total area 2,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store

Location

18955 Livernois St Detroit, MI 48221
Detroit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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