16921 Livernois Ave - Storefront FOR SALE


Detroit, MI 48221- Fitzgerald
$735,000 USD
586-263-5111
16921 Livernois Ave, Detroit, MI for Sale
$735,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

NEW


16921 Livernois Ave
Detroit, MI 48221
Fitzgerald


HIGHLIGHTS

  • Prominent Livernois & McNichols corner in Detroit’s growing Live6 corridor
  • Across from University of Detroit Mercy campus
  • 21,000 SF two-story building positioned for redevelopment

OVERVIEW

16921 Livernois Avenue presents a compelling mixed-use redevelopment opportunity at the prominent intersection of Livernois Avenue and West McNichols Road in Detroit’s growing Live6 corridor. The property consists of a vacant two-story building totaling approximately 20,000 square feet and is located directly across from the University of Detroit Mercy campus, providing a strong institutional anchor and consistent neighborhood activity. Ownership has completed preliminary redevelopment planning for the site that contemplates approximately 8,500 square feet of ground floor retail space with 13 residential apartments on the second floor, creating a vibrant mixed-use project aligned with the ongoing revitalization of the Livernois corridor and the nearby Avenue of Fashion district. The surrounding area has experienced continued investment driven by neighborhood density, university activity, and a growing mix of restaurants, retailers, and service businesses along Livernois Avenue. With its highly visible corner location, strong pedestrian and vehicular traffic, and proximity to major Northwest Detroit neighborhoods including Bagley, University District, and Sherwood Forest, the property represents an attractive opportunity for developers, investors, or owner users seeking to participate in the continued growth of the Livernois commercial corridor.

FOR SALE DETAILS

PRICE

$735,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

B-4

APN/PARCEL ID

16-017751

ASK ABOUT THIS PROPERTY

Michael ScamardellaLino Realty, Inc.More Info
586-263-5111

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Michael ScamardellaLino Realty, Inc.More Info
586-263-5111

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