18400-18490 Livernois Ave - Retail FOR SALE


Detroit, MI 48221- Palmer Park
$4,000,000 USD
810-986-2331
18400-18490 Livernois Ave, Detroit, MI for Sale
$4,000,000 USD
Retail - FOR SALE
1/8
null | 5.3% Cap Rate

18400-18490 Livernois Ave
Detroit, MI 48221
Palmer Park


HIGHLIGHTS

  • Value Add Opportunity
  • Located on main retial/business street
  • Off street parking

OVERVIEW

18400 Livernois Avenue | Detroit, MI 48221 FOR SALE – $4,000,000 Investment and value-add retail opportunity along Detroit’s established Livernois Avenue corridor. Serious Motivated seller. The property is offered for sale at $4,000,000 that is negoitable. Anchored by Fresenius Kidney Care for over 20years, providing an established healthcare tenant and existing income stream. The property also offers up to approximately 6,000 SF of vacant commercial space, creating an opportunity for an investor to increase occupancy and income through lease-up. The available space may accommodate one larger tenant or potentially be divided for multiple retail, medical, professional service, restaurant, fitness, or neighborhood-serving users. Located on Livernois between Puritan Avenue and Eight Mile Road, the property serves northwest Detroit and the surrounding University District, Palmer Woods and Sherwood Forest neighborhoods. Investment Highlights Asking Price: $4,000,000 Fresenius Kidney Care as the primary tenant occupies 9,600 sq ft. NNN Existing income with additional value-add potential Up to ±6,000 SF of vacant space Opportunity to increase NOI through lease-up Prominent Livernois Avenue location and visibility Suitable for investor, 1031 exchange or value-add acquisition

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Livernois Square Medical Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

48,134 SF

ZONING

B2

APN/PARCEL ID

02-00436-786

ASK ABOUT THIS PROPERTY

Glen BrownRE/MAX COMMERCIALMore Info
810-986-2331

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Glen BrownRE/MAX COMMERCIALMore Info
810-986-2331

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