20050 Livernois Ave - Restaurant FOR SALE


Detroit, MI 48221- Palmer Park
$1,650,000 USD
248-702-0288
20050 Livernois Ave, Detroit, MI for Sale
$1,650,000 USD
Restaurant - FOR SALE
1/23
null | Request Cap Rate

20050 Livernois Ave
Detroit, MI 48221
Palmer Park


HIGHLIGHTS

  • Spacious Restaurant/Bar Opportunity: Fully built-out space designed for high-volume dining and entertainment.
  • Occupancy: Licensed for up to 130 people.
  • Indoor & Outdoor Dining: Features two patios—one fully enclosed and heated for year-round use.
  • Modern Amenities: Full Bar with all equipment includedWalk-in cooler/freezer Takeout window for added revenue stream
  • Technology -Ready: Full audio sound system, Videosystem, Security system

OVERVIEW

Evolve at Encore is proud to exclusively present this fantastic turn-key restaurant for sale in the vibrant neighborhood of Avenue of Fashion. Fully built out in 2022, this establishment is now ready for a new owner. The restaurant’s moody black, green, and gold-accented interior was the work of Black-owned design firm Urban Alterscape. The property comes fully equipped with a complete bar inventory, decor, tables, chairs, and all necessary equipment, providing a seamless transition for the new owner.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$550 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Former Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,328 SF

ZONING

B2

APN/PARCEL ID

02-004480

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 Notice.