16245 Livernois St Detroit, MI 48221
- Retail properties
- 1,766 SF
- 0.28 lot acres
Current Use by Public Records
- Burger King / Fast Food Restaurant / Restaurant
Property Details for 16245 Livernois St
- Year built
- 1996
- Lot size
- 0.28 lot acres
- Property size
- 1,766 SF
- Property type
- Retail properties
Description
This 1,766 square foot former Burger King, located at 16245 Livernois in Detroit, Michigan, presents a compelling owner-user or redevelopment opportunity. The property sits on a 0.28-acre lot and boasts a drive-thru, ideal for quick-service restaurants or similar businesses. Built in 1996, the building is zoned B-4 (General Business District), allowing for a wide range of commercial uses. Its prime location along Livernois Avenue offers excellent visibility and accessibility, benefiting from an average daily traffic count of 23,800 vehicles. Furthermore, the property enjoys convenient access to State Highway 10 (162,000 VPD) and State Highway 8 (98,500 VPD), enhancing its strategic position. The surrounding area features a strong tenant presence, including McDonald's, ALDI, and other national and regional retailers, creating a robust consumer base. The property's proximity to the University of Detroit Mercy (over 5,200 students) and numerous residential communities provides a direct and substantial customer pool. The 5-mile trade area boasts over 414,000 residents and 124,500 employees, with an average annual household income of $62,954. This fee simple ownership (land and building) offers tremendous value at an asking price of $625,000 ($353.91/sq ft). The property's combination of location, zoning, and existing infrastructure makes it an attractive investment for both redevelopment and lease-up scenarios.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.141
- Latitude
- 42.412
