6975 Livernois RdTroy, MI 48098

Property Details for 6975 Livernois Rd

Year built

1972

Lot size

0.81 AC

Property size (Sq ft)

8,871 SF

Zone code

B-1

Property type

Commercial real estate

APN

88-20-04-226-029

APU

882004226029

Description

This exceptional freestanding retail property, located at 6975 Livernois Rd in Troy, Michigan, presents a unique investment opportunity. The building, constructed in 1972, boasts a generous 8,870 square feet of space currently configured as a single-tenant restaurant. The property sits on a sizable 0.81-acre lot and includes ample parking with 35 spaces. The building features convenient double-door entry, a walk-in refrigeration unit, and an overhead delivery door, catering to the needs of a food service operation. The property is zoned B-1 and is situated in Oakland County's thriving submarket. Its location on Livernois Rd, with its cross street being South Blvd, ensures high visibility and accessibility. The existing layout offers flexibility, with the possibility of dividing the space into two separate units to accommodate multiple tenants. This property is ideal for a variety of restaurant concepts or other retail uses, offering a strong foundation for future growth and profitability within a well-established commercial area. The property's size, amenities, and location make it a highly desirable asset in the competitive Troy market. This is a rare opportunity to acquire a well-maintained, strategically located retail space in a prime Oakland County location.

• Alternative Use

  Use

  Valuation

  Residential

  $2,111,860

  Hospitality

  $1,934,452

  Educational

  $1,609,441

  Medical

  $1,664,792

  Retail

  $2,503,575

Location Insight

City

Troy

County

Oakland

State

Michigan

Latitude

42.6219

Longitude

-83.1509

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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