17500-17520 Livernois Ave - Storefront FOR SALE


Detroit, MI 48221
$1,599,000 USD
248-702-0288
17500-17520 Livernois Ave, Detroit, MI for Sale
$1,599,000 USD
Storefront - FOR SALE
1/4
null | 8.51% Cap Rate

17500-17520 Livernois Ave
Detroit, MI 48221


HIGHLIGHTS

  • Excellent Value-Add Opportunity With A 4,300 Square Foot Vacancy
  • Anchored by Secretary of State with 6 Years Remaining on the Lease Which Brings High Traffic to the Center
  • Abundant Parking Needed by Secretary of State is a Commodity on Heavily Traveled Livernois - Blocks Away From U of D
  • Located Just Blocks from The University of Detroit Mercy
  • Average Household Income is $47,659 Within a 5 Mile Radius
  • 5 Mile Population Surrounding the Investment Property Exceeds 441,992

OVERVIEW

Excellent Value-Add Opportunity With A 4,300 Square Foot Vacancy Anchored by Secretary of State with 6 Years Remaining on the Lease Which Brings High Traffic to the Center Abundant Parking Needed by Secretary of State is a Commodity on Heavily Traveled Livernois - Blocks Away From U of D Located Just Blocks from The University of Detroit Mercy Average Household Income is $47,659 Within a 5 Mile Radius 5 Mile Population Surrounding the Investment Property Exceeds 441,992 Intersection boasts a Average Daily Traffic Count of 21,323 + VPD Located Just South of the  "Avenue Of Fashion", a historic shopping district within the city of Detroit Recently Livernois Ave went through a streetscape program to improve the roads and sidewalks. With the historic neighborhoods of Palmer Woods, Sherwood Forest, University District and Green Acres located just a few steps away the area is home to the highest income levels within the City of Detroit. Just minutes away from the Detroit Golf Club, a private 36 hole golf course that was founded in 1899. The DGC is now the annual host of the Rocket Mortgage Classic – the first PGA TOUR event ever held in the city of Detroit.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

8.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

B4

APN/PARCEL ID

02-00431-421

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.