Restaurant in the Heart of Mexicantown

Retail-Commercial for Sale
Catylist Listing ID: 29950137
Property Subtypes: Restaurant
Building Size (RSF): 13,000 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $115.38 PSF
Property Use Type: Vacant/Owner-User
Building Name: El Zocala Mexican Restaurant
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/11/2018

Overview / Comments

El Zocalo Mexican Restaurant, located in the heart of Mexicantown and southwest Detroit’s historic restaurant community. Owner retiring after 30 years. 2-story restaurant with 2 banquet rooms and 3 full bars. Fully remodeled with an outside pavilion. Business & equipment included. Located one block from the nation's busiest international crossing in terms of trade volume.


Finance Data Year 2015
Real Estate Taxes - Annual($) $7,115 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: 12-0000251-2
Zoning: B-4
Property Located Between: 23rd Street
Largest Nearby Street: I-75 & Vernor Hwy
Traffic/Vehicle Count: 33,372
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1940
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Fenced Yard, Large
Heat Type: Natural Gas, Other
Heat Source: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,794 116,678 318,765
Median Age: 30.84 33.27 34.75
Households: 5,494 46,446 123,189
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