Property profile

18685 Livernois St Detroit, MI 48221

OFF-MARKET
Retail properties & Spaces
1,420 SF Built 1948
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Property summary

AI-generated overview

This 1,420 square foot, single-story retail building is located at 18685 Livernois Avenue in Detroit, Michigan, within the B2 zoning district. Built in 1948 and completely renovated in 2018, the property boasts updated plumbing, HVAC, electrical systems, roof, doors and windows, and bathrooms. Previously occupied by Biggby Coffee and more recently the Waffle House Cafe Detroit, this vacant space presents a unique opportunity for a QSR/fast food establishment, restaurant, or storefront business. The property features enhanced security measures including interior and exterior surveillance cameras and a security system. Its prime location on Livernois Avenue, known as the Avenue of Fashion, benefits from the area's thriving retail scene and ongoing development, including numerous restaurants and mixed-use projects. The property's convenient location near major expressways (Lodge, I-96, and I-75) and key Detroit landmarks such as Palmer Park Golf Course, Midtown, and Downtown Detroit, makes it highly accessible. The asking price is $300,000. The property is vacant and offers immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1948
Total area 1,420 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
  • Bakery Specialty Food Shop
  • Cafe & Coffee Shop

Location

18685 Livernois St Detroit, MI 48221
Detroit metro
Google Maps

Value estimations

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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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