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13939 LIVERNOIS Avenue, Detroit, MI 48238

$1,898,000
Commercial Property MLS# 217052416 ID: 45959978
$1,898,000 Get Rates

Commercial,Real Estate Only - Detroit, MI
Cap rate 7.38%. Long term original tenant in place since 1990 over 25 years. Building has original 20 year lease with four 5-yr options with rent bumps. Tenant exercised two options early giving new owner a total of approx. 9.5 years from closing evidencing tenants commitment to this location. The Nearest Rite Aid is approx. 3.04 mi away and Walgreens is approximately 3.07 miles away. Recently exercised 2 extensions early for total of 9.5 years remaining. High density Detroit MSA with population of 440,000 + within 5 miles. Signalized hard corner location with high traffic counts. Extra parking lot space is included in this offering which maybe buildable for another approximately 6000 sf building. NOTE: Property is net leased (NN) with landlord responsible for structure. *Tenant responsible to maintain roof, utilities, maintenance, & property taxes. See offering memorandum and lease for details.

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Location Information near 13939 LIVERNOIS Avenue
Offered by David H Brooks III at Keller Williams Rlty Northville Mkt Ctr

Would you like more information regarding this property?
Please call (248) 380-8800.

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Property Features for 13939 LIVERNOIS Avenue
Status
Market Status
Available
Last Updated
August 17, 2017
Description
Property Type
Commercial Property
Year Built
1990
Stories
1.0
Approx. Lot Size
0.62 Acres
Sq. Feet
11,520

Building Features

  • Stories: 1.0

Exterior Features

  • Exterior Construction: Block; Concrete Block; Masonry

Legal/Financial

  • Taxes: 51005

Listing Features

  • Property Type: Commercial; Commercial,Real Estate Only
  • David H Brooks III
  • Keller Williams Rlty Northville Mkt Ctr

Data Provided by:
Realcomp Limited II

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More information about this $1,898,000 Commercial Property at 13939 LIVERNOIS Avenue

This $1,898,000 Commercial Property at 13939 LIVERNOIS Avenue in Detroit, MI is presented by David H Brooks III. This $1,898,000 Commercial Property, located in the 48238 zip code, has the following property features: Exterior Construction, Stories, Property Type, Taxes. This 13939 LIVERNOIS Avenue Commercial Property, located in Wayne County , is listed under MLS listing number 217052416 and has a listing price of $1,898,000. You can find more DETROIT homes for sale here.