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$ 4,000,000
Est. payment | /mo
15,390 SqFt
$ 4,000,000
Est. payment | /mo
15,390 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,390 sqft
Price per Sqft $259
MLS Listing ID 20261056418
Year Built 1996
Annual Tax Amount $49,382
Lot Size 1.100 Acres
Acres 1.1
Lot Dimensions 326 x 66
Source Realcomp
Property Description
18400 Livernois Avenue | Detroit, MI 48221FOR SALE – $4,000,000Investment and value-add retail opportunity along Detroit's established Livernois Avenue corridor. The property is offered for sale at $4,000,000 and is anchored by Fresenius Kidney Care, 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 HighlightsAsking Price: $4,000,000Fresenius Kidney Care as the primary tenantExisting income with additional value-add potentialUp to ±6,000 SF of vacant spaceOpportunity to increase NOI through lease-upProminent Livernois Avenue location and visibilitySuitable for investor, 1031 exchange or value-add acquisition
Location
State MI
County Wayne
Zoning Commercial
Direction Go North on Livernois Ave from the John C Lodge Fwy. Go North to the property.
Exterior
View Y/N No
Roof Type Rubber
Building
Foundation Slab
Water Public
Schools
School District Detroit
Others
Tax ID W02I004367C86
Listed by RE/MAX Dream Properties
Nearby Locations
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