Restaurant Property With Commercial
New
For Sale
$699,000
19655 W Grand River Ave SW, Detroit, MI 48223
COMMERCIAL - Detroit, MI
Property Size4,614 SF
Lot Size0.10 Acres
Price / SF$151.50
Days on Market1
Property Features for 19655 W Grand River Ave SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Basement
Parking
15
Subdivision
Minock Park
Elementary school
Cook Elementary School
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
SW on Grand River Ave east of Evergreen
Standard status
Active
APN
22007317-9
Size
4,614 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK:208 DIST:01 CITY/MUNI/TWP:DETROIT CITY S GRAND RIVER 3 THRU 1 EXC GRAND RIVER & PLAINVIEW AVES AS WD EVERGREEN SUB L
Tax Annual Amount
6741
Legal Description
BLK:208 DIST:01 CITY/MUNI/TWP:DETROIT CITY S GRAND RIVER 3 THRU 1 EXC GRAND RIVER & PLAINVIEW AVES AS WD EVERGREEN SUB L
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1953
Number of units
1
Building materials
Block, Stucco, Brick
Roof type
Rubber
Listing Agency:
Monopoly Team Enterprises LLC
(248) 281-4175
Listed By:
Dante Williams
(734) 829-7118
Added: Aug 9
Last Checked: Aug 9 at 10:06PM
MLS# 26041559
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property is currently operating with café and barbershop uses. A commercial kitchen was installed in 2026, and the building includes four bathrooms and a basement. Block, stucco, and brick construction, a rubber roof, central air, and forced-air heating are also in place.
The property occupies a corner location at 19655 W Grand River Ave SW in Detroit, with exposure from Grand River Ave. It is situated in the Grandmont-Rosedale area and has natural gas available. The building was constructed in 1953.
The property occupies a corner location at 19655 W Grand River Ave SW in Detroit, with exposure from Grand River Ave. It is situated in the Grandmont-Rosedale area and has natural gas available. The building was constructed in 1953.
Key Highlights
- Commercial kitchen installed in 2026
- Current café and barbershop operation
- Corner location at 19655 W Grand River Ave SW, Detroit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,890
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,217,800
$1.2M
Cap Rate 7%
$869,857
$869.9K
Cap Rate 9%
$676,556
$676.6K
Market Conditions
NOI Build-Up for 4,614 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.8K $18.60/SF
− Vacancy
−$4.6K −$1.00/SF
EGI
$81.2K $17.60/SF
− OpEx
−$20.3K −$4.40/SF
NOI
$60.9K $13.20/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,217,800
Cap Rate 7%
$869,857
Cap Rate 9%
$676,556
Alternative Uses
Best Use
Specialty Retail
$869.9K
$761.1K – $1.01M
NOI $60,890 @ 7.0% cap · market cap 8.71%
Second Best
Retail
$811.9K
$710.4K – $947.2K
NOI $56,830 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$1.02M
$890.6K – $1.19M
NOI $71,251 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Little Caesars Pizza
Dining
7,353 visits/mo
0.4 miles
BP
Shops & Services
7,272 visits/mo
0.4 miles
Shell
Shops & Services
6,652 visits/mo
0.1 miles
Comerica Bank
Shops & Services
4,884 visits/mo
0.2 miles
AutoZone
Shops & Services
4,489 visits/mo
0.1 miles
Demographics for 48223, MI
22,956
Population
11,264
Households
2
Avg Household Size
36
Median Age
19%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
3,763
Density / Sq Mi
$42,324
Median Household Income
$30,119
Median Earnings
$1,013
Median Rent
$87,700
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner-site restaurant property with café and barbershop operations, central air, and forced-air heating.
Where is this conventional restaurant located?
The property is located at 19655 W Grand River Ave SW Detroit, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Commercial kitchen installed in 2026; Current café and barbershop operation; Corner location at 19655 W Grand River Ave SW, Detroit
