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    OFF-MARKET
    Turn key restaurants

    24611 Mcnichols Rd, Detroit, MI 48219-3670

    1,323 SF 0.15 ac lot Built 1969
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US43-0421685
    Property summary
    AI-generated overview

    This 1,323 square foot storefront, located at 24611 W McNichols Rd in Detroit, Michigan, presents a compelling investment opportunity. The property, built in 1969 and extensively renovated in 2023, boasts a single story and sits on a commercially zoned lot in Wayne County (zip code 48219). Priced at $279,000 ($210.88 per square foot), this stand-alone building offers ample parking and excellent visibility due to its prime frontage on McNichols Road. Previously occupied by a Coney Island restaurant, the versatile space presents numerous possibilities for a variety of retail uses. The property's recent renovation ensures a move-in ready condition, minimizing upfront capital expenditures. Its location provides significant exposure to high traffic volume, making it an ideal space for a business seeking strong visibility and accessibility. This is a rare opportunity to acquire a well-located, renovated retail space in a thriving Detroit neighborhood. Don't miss out

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1969
    Total area 1,323 SF
    Lot 0.15 ac (6,534 SF)
    Zoning code B4
    APN 22013435.
    UPID US43-0421685
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Vataj Mare · 7 yrs held
    Vataj Mare
    since 2018
    Last sale
    $50,000
    2 recorded transactions
    2018
    $25,000
    2011
    Zoning & alternative use
    B4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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