For Sale $1,599,000
Property Type Retail - Strip
Property Size 14,270 SF
Units 5
Lot Size 0.98 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1968
Year Renovated 2010
Date Updated Jul 8, 2024

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Highlights

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.

Contacts

Marcel Pearl

Encore Real Estate Investment Services

Location

Getting Around

Walk Score ®
72/100 Very Walkable
Transit Score ®
48/100 Some Transit
Bike Score ®
50/100 Bikeable

Map
Street

City Detroit, MI
Neighborhood Palmer Park
Zip Code 48221
Market Detroit

Points of Interest

CDM Transport LLC

2.38 miles
Royal Oak

4.71 miles
Grand Boulevard

4.90 miles
Baltimore Street

5.04 miles
Detroit

5.08 miles
Amsterdam Street

5.22 miles
Ferry Street

5.59 miles
Warren Avenue

5.85 miles
Canfield Street

6.24 miles
Mack Avenue

6.64 miles

Marathon

0.27 miles
BP

0.69 miles
Citgo

0.81 miles
Amoco

0.87 miles
Sunoco

1.08 miles
Tesla Supercharger

2.01 miles
Ferndale Public Library

2.70 miles
Detroit Pistons Performance Center

5.14 miles
Wayne State University - Parking Structure #5

5.55 miles
Wayne State University - Lot #50

5.75 miles

Student / Vistor Parking Lot F

0.44 miles
Faculty / Staff Parking Lot H

0.51 miles
Student Parking Lot H

0.52 miles
Faculty / Staff Parking Lot A

0.55 miles
Student Parking Lot I

0.55 miles
Faculty / Staff Parking Lot E

0.63 miles
Vistor Parking Lot B

0.65 miles
Faculty / Visitor Parking Lot C

0.66 miles
Student / Vistor Parking Lot B

0.70 miles
Student / Vistor Parking Lot D

0.71 miles

Captain Jay's Fish & Chicken

0.22 miles
McDonald's

0.27 miles
Nicky D's Coney Island

0.31 miles
Detroit Pizza Bar

0.35 miles
Burger King

0.64 miles
U of D Coney Island

0.76 miles
Church's Chicken

0.77 miles
Kuzzo's Chicken & Waffles Southern Cafe

0.89 miles
Subway

1.03 miles
Bucharest Grill

1.06 miles

Savon Foods Supermarket

0.14 miles
Mike's Fresh Market

0.81 miles
Farmer's Best Grocery Store

1.05 miles
Liberty Food Center

1.44 miles
Value Save Food Center

1.77 miles
ALDI

1.89 miles
Marshalls

1.89 miles
Meijer

1.94 miles
Kroger

2.03 miles
The Shops at Woodward Place

2.14 miles

Frequently Asked Questions

How much does University Shops cost?

The space currently listed for sale at University Shops asks for $1,599,000.

What is the total square footage of University Shops?

University Shops totals 14,270 square feet.

When was this property built?

University Shops was built in 1968.

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