6538 Michigan Avenue, Detroit, MI 48210
Business And Real Estate - Detroit, MI
- Added:
- Jan 6, 2026
- Days on Market:
- 172
- Last Refresh:
- Jun 27 at 8:06 am
Property Features for 6538 Michigan Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- W18I002453S001
- Size
- 3,247 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1169
- Expense value
- 300000
- Expense
- Security Deposit
- Expense freq.
- Once
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Building materials
- Brick, Other
- Architectural style
- Other
Listing agent Angie Minerva Sierra (313) 528-3002
Listing office REMAX City Centre 17515 W 9 Mile Rd Suite 800, Southfield, MI (313) 528-3002
Listing date Jan 6, 2026
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey business opportunity: Includes building, operating business, and liquor license.
- Prime location in the heart of Southwest Detroit, minutes from Downtown.
- Two‑story layout with two fully functioning bars.
- Full kitchen for restaurant operations.
- Features a karaoke stage and pool table.
- Building constructed of brick in 1926.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.4k | $18.60 |
| − Vacancy | −$3.3k | −$1.00 |
| EGI | $57.1k | $17.60 |
| − OpEx | −$14.3k | −$4.40 |
| NOI | $42.8k | $13.20 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The Rock's Bar & Grill — 3511 Clippert St, Detroit, MI 48210
- Abick's Bar — 3500 Gilbert St, Detroit, MI 48210
- Red's Park-Inn — 4442 Central St, Detroit, MI 48210
- Tommy T's Pub — 3511 Clippert St, Detroit, MI 48210
- bar — 3500 gilbert st, detroit, mi 48210
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1244965
- Latitude
- 42.3314853
