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18900 Livernois Ave 5,891 SF of Retail Space Available in Detroit, MI 48221
Highlights
- Prominent frontage provides strong visibility from Livernois Avenue.
- Located near Palmer Woods, Sherwood Forest, and University District neighborhoods.
- Freestanding commercial building along Detroit's Avenue of Fashion.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,891 SF | Negotiable | $28.03 CAD/SF/YR $2.34 CAD/SF/MO $165,120 CAD/YR $13,760 CAD/MO | Triple Net (NNN) |
1st Floor
Exceptional single-tenant commercial opportunity in a highly visible Detroit corridor. This approximately 5,891 SF freestanding building sits on a 0.55-acre site with excellent frontage, ample parking, and a drive-through lane. Formerly a financial institution, the property offers a versatile layout suitable for a wide range of commercial uses, including retail, medical, financial services, office, or other owner-user opportunities (subject to approvals). The building features strong curb appeal, convenient access to major roadways, and is surrounded by established national and local businesses. A rare opportunity to acquire a well-maintained, highly adaptable commercial property with significant redevelopment and repositioning potential. The basement which is approx 5,000sqft will come with the building, all storage space in the basement with kitchen and restrooms.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Bank
- 0.55-acre site with ample on-site 50 car parking
- Existing drive-through lane
- Excellent visibility on Fashion Livernois Avenue
- Former financial institution w/ quality construct
- Rare opportunity in a growing commercial corridor
- Strong signage opportunity with high daily traffic
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 5,891 SF | Gross Leasable Area | 5,891 SF |
| Property Type | Retail | Year Built | 1953 |
| Property Subtype | Freestanding |
| Total Space Available | 5,891 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,891 SF |
| Year Built | 1953 |
About the Property
The property's strategic location provides convenient access to major thoroughfares and is surrounded by established University District, residential neighborhoods and national retailers, making it an excellent choice for businesses seeking strong customer accessibility and long-term growth potential. Whether repositioned for a single occupant or adapted for a new commercial concept, this property presents a unique opportunity in one of Detroit's active commercial corridors.
Nearby Major Retailers
Presented by
Precise Management Group
18900 Livernois Ave
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