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18400-18490 Livernois Ave
Detroit, MI 48221
Livernois Square Medical Plaza · Retail Property For Sale
Investment Highlights
- Value Add Opportunity
- Off street parking
- Located on main retial/business street
Executive Summary
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 – $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
Property Facts
Sale Type
Investment NNN
Sale Condition
High Vacancy Property
Property Type
Retail
Building Size
16,480 SF
Building Class
B
Year Built
1996
Price
$4,000,000
Price Per SF
$242.72
Cap Rate
5.30%
NOI
$211,968
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.11 AC
Zoning
B2
Parking
60 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 02-00436-786 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $509,800 |
Property Taxes
Parcel Number
02-00436-786
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$509,800
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