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    Erie, MI
    Conventional Restaurant

    Erie, MI Conventional Restaurants for Sale

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    Established Restaurant with Outdoor Patios
    Updated: Oct 31, 2024
    Established Restaurant with Outdoor Patios

    11191 Telegraph Road, Erie, MI 48133

    $895,000
    5,076 sqft 5.67 AC lot
    Long‑running successful Mexican restaurant with well‑established clientele
    Year built 1998; shingle roof and central air conditioning
    Interior features include reception area, restroom(s), ceramic floors, and wood floors
    Includes outdoor patios and a deck/patio for guest dining or relaxation
    Parking lot included
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    This listing looks promising.

    Here's a quick look at some key insights for

    11191 Telegraph Road, Erie, MI 48133-9749

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    • Est. Cap Rate

      5.5%
      NOI ÷ price

    • Est. NOI

      $49K
      Annual

    • Mortgage

      $491K
      Jun 2014

    • Last Sold

      Nov 2015
      $614K

    • Property Type

      Restaurant
      Built 1998
    View Property Analytics
    Established Restaurant with Outdoor Patios
    Updated: Oct 24, 2024
    Established Restaurant with Outdoor Patios

    11191 Telegraph, Erie, MI 48133

    $895,000
    5,076 sqft
    Long‑running, successful Mexican restaurant with established clientele.
    Turn‑key ready, price includes equipment and fixtures.
    Includes all licenses.
    Two outdoor patios overlooking private settings.
    Building has additional potential.
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Erie, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Restaurant with Outdoor Patio
    Turn-Key Restaurant with Outdoor Patio

    1140 South Monroe Street, Monroe, MI 48161

    $600,000
    6,543 sqft 2.31 AC lot

    Completely renovated restaurant with new kitchen and bar, plus an outdoor dining patio and on-site liquor licensing included.

    View details
    Toledo Retail Property For Sale
    Toledo Retail Property For Sale

    2040 Ottawa River Rd, Toledo, OH

    $1,100,000
    11,116 sqft 1.01 AC lot

    Multi-tenant retail property in Toledo, OH with seller financing.

    View details
    Restaurant Buildings For Sale
    Restaurant Buildings For Sale

    5038 & 5044 Lewis Ave, Toledo, OH 43612

    $425,000
    4,260 sqft

    Two adjacent commercial buildings configured for restaurant use.

    View details
    Bolles Harbor Cafe Opportunity
    Bolles Harbor Cafe Opportunity

    13986 Laplaisance Rd, MonroeCharterTownship_, Monroe, MI 48161

    $249,500
    0.22 AC lot

    Former cafe with fixtures, equipment, and finishings, ready for revival.

    View details

    Erie, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Erie, MI on our real estate platform. These investment opportunities span a total of 10,152 square feet of properties for sale, with an estimated market value of $1,790,000.

    Sale prices for conventional restaurants in Erie, MI start at $895,000, averaging $895,000, and reaching up to $895,000 — 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

    Conventional restaurants 2

    Demographics Overview

    Population 6,711
    Population Growth (5Y) +18.7%
    Median Household Income $65,867
    College Educated 29.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    48133 $895K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

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