Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30050656
Property Subtypes: Restaurant
Building Size (RSF): 3,400 SF
Gross Building Area: See Agent
Gross Land Area: 0.74 Acres
Sale Price: $575,000
Unit Price: $169.12 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/25/2017

Overview / Comments

Turn-key restaurant opportunity in Grosse Ile. Currently operating with ownership ready to retire. Sale includes furniture, fixtures, equipment and liquor license.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $5,709 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Downriver South
Tax ID/APN: 73-028-01-0046-303
Zoning: MSD
Property Located Between: East River Road
Largest Nearby Street: Grosse Ile Pkwy Btw Meridian & Macomb
Traffic/Vehicle Count: 12,837
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,400 SF
Year Built: 1988
Year Renovated: 1999
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 15
Parking Type: Surface
Heat Type: Other
Heat Source: Other
Air Conditioning: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,209 21,420 84,652
Median Age: 48.39 45.32 43.09
Households: 1,315 9,253 34,843
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