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16921 Livernois Ave 21,000 SF 50% Leased Retail Building Detroit, MI 48221 $1,006,266 CAD ($47.92 CAD/SF)



Investment Highlights
- Prominent Livernois & McNichols corner in Detroit’s growing Live6 corridor
- 21,000 SF two-story building positioned for redevelopment
- Across from University of Detroit Mercy campus
Executive Summary
16921 Livernois Avenue presents a compelling mixed-use redevelopment opportunity at the prominent intersection of Livernois Avenue and West McNichols Road in Detroit’s growing Live6 corridor. The property consists of a vacant two-story building totaling approximately 20,000 square feet and is located directly across from the University of Detroit Mercy campus, providing a strong institutional anchor and consistent neighborhood activity.
Ownership has completed preliminary redevelopment planning for the site that contemplates approximately 8,500 square feet of ground floor retail space with 13 residential apartments on the second floor, creating a vibrant mixed-use project aligned with the ongoing revitalization of the Livernois corridor and the nearby Avenue of Fashion district.
The surrounding area has experienced continued investment driven by neighborhood density, university activity, and a growing mix of restaurants, retailers, and service businesses along Livernois Avenue. With its highly visible corner location, strong pedestrian and vehicular traffic, and proximity to major Northwest Detroit neighborhoods including Bagley, University District, and Sherwood Forest, the property represents an attractive opportunity for developers, investors, or owner users seeking to participate in the continued growth of the Livernois commercial corridor.
Ownership has completed preliminary redevelopment planning for the site that contemplates approximately 8,500 square feet of ground floor retail space with 13 residential apartments on the second floor, creating a vibrant mixed-use project aligned with the ongoing revitalization of the Livernois corridor and the nearby Avenue of Fashion district.
The surrounding area has experienced continued investment driven by neighborhood density, university activity, and a growing mix of restaurants, retailers, and service businesses along Livernois Avenue. With its highly visible corner location, strong pedestrian and vehicular traffic, and proximity to major Northwest Detroit neighborhoods including Bagley, University District, and Sherwood Forest, the property represents an attractive opportunity for developers, investors, or owner users seeking to participate in the continued growth of the Livernois commercial corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
21,000 SF
Building Class
C
Year Built/Renovated
1927/2014
Price
$1,006,266 CAD
Price Per SF
$47.92 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
B-4 - General Business District permitting a wide range of retail, service, office, and commercial uses.
Parking
30 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
141’ on Livernois ave
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-017751 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $278,858 CAD |
Property Taxes
Parcel Number
16-017751
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$278,858 CAD
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16921 Livernois Ave
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