Property profile

17575 Livernois St Detroit, MI 48221

OFF-MARKET
Retail properties & Spaces
3,947 SF 0.39 ac lot Built 1946
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Property summary

AI-generated overview

This exceptional 3,947 square foot freestanding retail building presents a compelling investment opportunity for owner-users in Detroit, Michigan. Located at 17575 Livernois Avenue, zip code 48221, this property boasts a highly visible position within a vibrant and active neighborhood. Constructed in 1946, the single-story building sits on a 0.39-acre lot and is zoned B2, offering flexibility for a variety of retail uses. Its prime location near multiple schools ensures a consistent flow of foot traffic and access to a diverse customer base of families and students. The building's substantial size provides ample space for a wide range of retail businesses seeking to establish a strong presence in this thriving Detroit community. The asking price is $499,000. This is an owner/user investment opportunity. The property's high-traffic location and strong demographics make it an ideal choice for businesses seeking to capitalize on the area's growth and potential. The building's single-story design offers convenient accessibility and efficient use of space. This is a rare opportunity to acquire a well-situated, substantial retail space in a desirable Detroit neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1946
Total area 3,947 SF
Lot 0.39 ac (16,988 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
  • Hotel & Motel Resort

Location

17575 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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