Property profile

19031 Livernois St Detroit, MI 48221

OFF-MARKET
Retail properties & Spaces
24,839 SF
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Property summary

AI-generated overview

This fully redeveloped, 24,839 square foot mixed-use building offers 14,000 square feet of street-level retail space in Detroit's vibrant Avenue of Fashion district. Three units are currently available, ranging from 1,590 to 4,067 square feet. The building boasts excellent visibility at a high-traffic intersection (approx. 35,000 vehicles per day) and benefits from recent city and state investments in streetscape improvements, including expanded sidewalks and bike lanes. Located within a densely populated area (167,275 people within 3 miles), the property is near University of Detroit-Mercy and the prestigious Detroit Golf Club, host of the Rocket Mortgage Classic. The surrounding historic neighborhoods of Palmer Woods, Sherwood Forest, University District, and Green Acres contribute to high income levels in the area. The building includes 29 parking spaces and elevators. This prime location presents a unique opportunity for retail businesses seeking high visibility and access to a thriving community. The building also features 12 apartments (not included in retail space).

Property profile

Verified
Property type Retail properties & Spaces
Total area 24,839 SF

Cap rate & NOI

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

Location

19031 Livernois St Detroit, MI 48221
Detroit metro
Google Maps

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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