Detroit, MI Conventional Restaurants for Sale

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Updated: Jun 11

Mixed-Use Retail and Apartments

14318 E Jefferson Avenue, Detroit, MI 48215

$749,900

5,874 sqft 0.16 AC lot

5,874 SF mixed‑use building with 3 commercial storefronts and 2 upper apartments
3 storefronts totaling ~2,940 SF: each retail space is approx. 980 SF with a dedicated private basement
Upper residential units: two 2‑bedroom, 1‑bath apartments, each approx. 1,425 SF (1 occupied at $1,300/mo)
Center restaurant storefront is vacant and includes existing commercial kitchen equipment plus table space
Left storefront is an active men’s barber shop; right storefront is set up for a women’s beauty salon (tenant‑ready)

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This listing looks promising.

Here's a quick look at some key insights for

14318 E Jefferson Avenue, Detroit, MI 48215

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$67K
Annual
Price @ 7% Cap

$959K
Above asking
Property Type

Retail Stores
Built 1924

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Updated: Jun 1

Turnkey Restaurant with Seating

26080 Grand River Avenue, Redford, MI 48240

$150,000

2,136 sqft 0.32 AC lot

Turnkey restaurant on Grand River Avenue (Redford Township), approx. 2,300 SF, seating up to 70 guests
On‑site parking for approx. 30 vehicles
Completely renovated top to bottom within the last year, featuring numerous updates throughout
Central A/C unit approx. 4 years old plus newer make‑up air system
Currently operating 7 days/week with hours: Mon–Fri 8 AM–8 PM and Sat–Sun 7 AM–3 PM

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Former Restaurant and Retail Space

15921 W Seven Mile Road, Detroit, MI 48235

$375,000

3,000 sqft 0.09 AC lot

Versatile commercial property previously used as a restaurant and barber shop, offering flexible retail/operational use.

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Restaurant and Banquet Venue

12712 Plymouth Rd, Detroit, MI 48227

$280,000

4,000 sqft 0.22 AC lot

4,000 sq. ft. banquet and full-service restaurant with a fully equipped commercial kitchen and modern renovations on a paved lot.

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Restaurant and Banquet Facility

12712 Plymouth Road Unit SourceFi, Detroit, MI 48227

$280,000

4,000 sqft 0.22 AC lot

Updated 4,000 SF restaurant and banquet setup with a fully equipped commercial kitchen, sizable lot, and paved parking.

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Turnkey Restaurant Opportunity on Warren

17420 E Warren Ave, Detroit, MI 48224

$749,000

4,980 sqft

Freestanding restaurant with commercial kitchen, parking, and high visibility.

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Fully Equipped Coney Island Restaurant

1350 W Fort Street, Detroit, MI 48226

$699,000

2,429 sqft

Fully operational restaurant with extensive recent kitchen and HVAC upgrades on a major downtown-bound route.

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Fully Equipped Coney Island Restaurant

W 1350 W Fort Street Unit SourceFi, Detroit, MI 48226

$699,000

2,429 sqft

Turnkey, fully operational restaurant with renovated kitchen, new commercial AC, grill, and walk-in cooler/freezer.

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Mixed-Use Building with On-Site Parking

E 565 E Larned Street Unit SourceFi, Detroit, MI 48226

$2,600,000

32,552 sqft

Versatile mixed-use building with adaptable retail, office, and restaurant space plus a dedicated on-site parking lot included in the sale.

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Stand-Alone Restaurant Building

W 24611 W MCNICHOLS Road Unit SourceFi, Detroit, MI 48219

$199,000

1,323 sqft

Stand-alone restaurant building with ample parking and frontage on McNichols Road.

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Two-Story Bar and Restaurant

6538 Michigan Avenue Unit SourceFi, Detroit, MI 48210

$600,000

3,247 sqft

Two-story bar, nightclub, and restaurant with a full kitchen, two bars, karaoke stage, and restrooms on both levels.

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Restaurant and Retail Property

W 1360 W Fort Street Unit SourceFi, Detroit, MI 48226

$520,000

2,504 sqft

Established restaurant property with dine-in seating, a self-serve station, and an included commercial kitchen plus an interior retail store.

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Mixed-Use Restaurant and Apartments

W 3143 W MCNICHOLS Road Unit SourceFi, Detroit, MI 48221

$1,700,000

8,625 sqft

Mixed-use property with an upgraded restaurant/bar and two upper three-bedroom apartments plus a full basement and four-car garage.

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Two-Story Restaurant with Patio

42-62 Piquette Street, Detroit, MI 48202

Contact for pricing

5,696 sqft 0.67 AC lot

Two-story restaurant offers outdoor dining patio, on-site parking, and 115 feet of frontage on Piquette.

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Live-Work and Restaurant Building

1250 Library Street Unit SourceFi, Detroit, MI 48226

$5,900,000

32,100 sqft

Eight traditional live/work lofts plus an office, art studio, and Cuban restaurant are 100% occupied.

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Turn Key Restaurant For Sale

20804 Plymouth Rd, Detroit, MI 48228

$420,000

2,308 sqft

Successful restaurant with drive-thru, equipment included, ready for new owners.

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Freestanding Restaurant with Drive-Thru

14204 W. Seven Mile Rd, Detroit, MI 48235

Contact for pricing

4,625 sqft

Former QSR includes a drive-thru lane and is offered for sale or lease with limited FF&E.

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Freestanding Restaurant with Drive-Thru

14204 W Seven Mile Rd, Detroit, MI 48235

Contact for pricing

4,625 sqft

Former QSR on heavily traveled corridor, ideal for restaurants.

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Turnkey Drive-Through Restaurant

20804 Plymouth Road, Detroit, MI 48228

$410,000

2,308 sqft

Bright dining room with LED lighting, seating for 68, and a drive-thru, plus included kitchen equipment.

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Restaurant with Attached Warehouse

12225 Linwood Street, Detroit, MI 48206

Contact for pricing

1,613 sqft

Restaurant property includes a full commercial kitchen, existing mechanicals, and attached warehouse space with two garage doors.

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Retail Space with Three Bay Doors

W 3239 W McNichols Road Unit SourceFi, Detroit, MI 48221

Contact for pricing

3,592 sqft

Commercial space offered on a triple-net basis, featuring three garage bay doors for flexible access and use.

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Fully-Equipped Restaurant Business Opportunity

15090 SCHAEFER, Detroit, MI 48227

$135,000

0.09 AC lot

Restaurant for sale with all essential equipment included.

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Convenience Store with Restaurant Setup

555 Detroit, Detroit, MI 48205

$850,000

Established convenience store with an in-place restaurant setup, offering a ready-to-operate option for a new operator.

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Turnkey Restaurant with On-Site Parking

26080 Grand River Avenue, Redford, MI 48240

Contact for pricing

2,136 sqft

Fully renovated restaurant with seating for up to 70 guests and approximately 30 parking spaces, currently operating seven days a week.

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Detroit, MI Conventional Restaurants Market Trends and Statistics

Explore 49 conventional restaurants for sale in Detroit, MI, showcased through 49 active listings on our real estate platform. These investment opportunities span a total of 327,498 square feet of properties for sale, with an estimated market value of $23,533,600.

Sale prices for conventional restaurants in Detroit, MI start at $69,900, averaging $759,148, and reaching up to $5,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 850K

Population Growth (5Y) -4.2%

Median Household Income $48,716

College Educated 21.2%

High-Yield Neighborhoods for Investment

Identify Detroit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
48219	$79.9K
48207	$165K
48227	$173.3K
48234	$210K
48204	$224.5K

Taxes & Financing

Tax Rate (average for all types) 3.32%

Property Tax per SF $36.71 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Wayne County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Detroit fall within the 10,000 to 25,000 square foot range.

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