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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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18400 Livernois Ave , Detroit, MI 48221
$4,000,000
Est. Payment: $8,888.89/mo
0 Bed
0 Bath
15390 Sqft
Status: Active | Days on site: 27
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43212501 - 272277
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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
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Highlights

Listed by Glen L Brown , 313-878-1642 RE/MAX Dream Properties , 734-462-3600.

Property Type

Commercial Sale
Lot/Acreage
1.1

Year Built

1996

County

Wayne

 School District

Detroit

Listing ID

20261056418

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:Public

Exterior Features

Roof:Rubber
Principal Interest
$8,889
Taxes
$4,115

Home Price

$4,000,000

Loan Details

30 yrs
%

Down Payment

20%
$800,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,888.89 $4,115.17 $0.00 $13,004.06
Yearly $106,666.67 $49,382.00 $0.00 $156,048.67
Total $3,200,000.00 $1,481,460.00 $0.00 $4,681,460.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.