University Shops | 17500-17520 Livernois Ave
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University Shops 17500-17520 Livernois Ave
14,270 SF 70% Leased Retail Building Detroit, MI 48221 $1,599,000 ($112/SF) 8.51% Cap Rate
Investment Highlights
- Excellent Value-Add Opportunity With A 4,300 Square Foot Vacancy
- Abundant Parking Needed by Secretary of State is a Commodity on Heavily Traveled Livernois - Blocks Away From U of D
- Average Household Income is $47,659 Within a 5 Mile Radius
- Anchored by Secretary of State with 6 Years Remaining on the Lease Which Brings High Traffic to the Center
- Located Just Blocks from The University of Detroit Mercy
- 5 Mile Population Surrounding the Investment Property Exceeds 441,992
Executive Summary
Excellent Value-Add Opportunity With A 4,300 Square Foot Vacancy
Anchored by Secretary of State with 6 Years Remaining on the Lease Which Brings High Traffic to the Center
Abundant Parking Needed by Secretary of State is a Commodity on Heavily Traveled Livernois - Blocks Away From U of D
Located Just Blocks from The University of Detroit Mercy
Average Household Income is $47,659 Within a 5 Mile Radius
5 Mile Population Surrounding the Investment Property Exceeds 441,992
Intersection boasts a Average Daily Traffic Count of 21,323 + VPD
Located Just South of the "Avenue Of Fashion", a historic shopping district within the city of Detroit
Recently Livernois Ave went through a streetscape program to improve the roads and sidewalks.
With the historic neighborhoods of Palmer Woods, Sherwood Forest, University District and Green Acres located just a few steps away the area is home to the highest income levels within the City of Detroit.
Just minutes away from the Detroit Golf Club, a private 36 hole golf course that was founded in 1899. The DGC is now the annual host of the Rocket Mortgage Classic – the first PGA TOUR event ever held in the city of Detroit.
Anchored by Secretary of State with 6 Years Remaining on the Lease Which Brings High Traffic to the Center
Abundant Parking Needed by Secretary of State is a Commodity on Heavily Traveled Livernois - Blocks Away From U of D
Located Just Blocks from The University of Detroit Mercy
Average Household Income is $47,659 Within a 5 Mile Radius
5 Mile Population Surrounding the Investment Property Exceeds 441,992
Intersection boasts a Average Daily Traffic Count of 21,323 + VPD
Located Just South of the "Avenue Of Fashion", a historic shopping district within the city of Detroit
Recently Livernois Ave went through a streetscape program to improve the roads and sidewalks.
With the historic neighborhoods of Palmer Woods, Sherwood Forest, University District and Green Acres located just a few steps away the area is home to the highest income levels within the City of Detroit.
Just minutes away from the Detroit Golf Club, a private 36 hole golf course that was founded in 1899. The DGC is now the annual host of the Rocket Mortgage Classic – the first PGA TOUR event ever held in the city of Detroit.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,270 SF
Building Class
C
Year Built/Renovated
1968/2010
Price
$1,599,000
Price Per SF
$112
Cap Rate
8.51%
NOI
$136,000
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.98 AC
Zoning
B4 - General Business District
Parking
64 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
4,300 SF available at University Shops in Detroit, MI off Livernois Ave! Join Secretary of State, L.A. Insurance, and more!
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,300 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 4,300 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 4,300 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
4,300 SF available at University Shops in Detroit, MI off Livernois Ave! Join Secretary of State, L.A. Insurance, and more!
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 02-00431-421 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $464,300 |
PROPERTY TAXES
Parcel Number
02-00431-421
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$464,300
Contacts
-
Deno Bistolarides -
Ayson Shammami -
Marcel Pearl -
Encore Real Estate Investment Services
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University Shops | 17500-17520 Livernois Ave
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