Property profile

18135 Livernois St Detroit, MI 48221

OFF-MARKET
Retail properties & Spaces
13,504 SF Built 1965
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Property summary

AI-generated overview

This exceptional 13,504-square-foot retail building, located at 18135 Livernois in Detroit, Michigan, presents a compelling investment opportunity. The property, built in 1965, boasts a two-story structure situated on approximately 0.45 acres and is currently vacant. The building's zoning is B-2 Local Business Zoning District, offering considerable flexibility for a variety of commercial uses. With 165 feet of frontage on Livernois Avenue, the property benefits from high visibility and excellent traffic flow. Its strategic location near the University of Detroit Mercy, the University District neighborhood, and the Detroit Golf Club ensures a strong potential customer base. The asking price is $499,900, translating to $37.02 per square foot. Previously used as a dry cleaner, this building offers ample space for retail or storage purposes, making it an ideal canvas for a new business venture or a savvy real estate investment. The property consists of one unit within a single building. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1965
Total area 13,504 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
  • (Bike/Boat/Book/etc) Store

Location

18135 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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