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    7231 Chicago Rd Warren, MI 48092

    For Sale
    $500,000

    Business Opportunity - Warren, MI

    Property size:
    6,207 SF
    Lot size:
    1.22 Acres
    Days on Market:
    173
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 7231 Chicago Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Multiple
    APN
    1304476001
    Size
    6,207 SF
    Lot size
    1.22 Acres

    Taxes and HOA fees

    Expense value
    50
    Expense
    Security Deposit
    Expense freq.
    Once

    Building Details

    Year built
    1972
    Year renovated
    2021
    Floors in Building
    1
    Building materials
    Block, Brick, Stucco
    Roof type
    Rubber
    Architectural style
    Other

    COMMUNITY CHOICE REALTY INC. (248) 729-0011 [email protected]

    Listing agent Amanda Thuwaini (248) 729-0011

    Listing date Jun 24, 2025

    MLS# 20251010188 Listing URL

    Copyright © 2025 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.

    Overview

    Turn-Key Banquet Hall For Sale

    This turn-key banquet hall is available for sale in Warren, MI. The property is a beautifully designed and fully furnished event space, suitable for weddings, parties, and corporate events. It features a stylish reception area, a commercial kitchen, elegant decor, and an outdoor patio. The property is located in a prime area and includes ample parking. The building size is 6207 square feet and the lot size is 1.22 acres. The property is move-in ready for event planners, caterers, or hospitality entrepreneurs. The zoning is classified as commercial and multiple.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aladdin Castle Mediterranean ... Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    A Cherished Rose Florist, Jim's Florist, Magic Flower

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.03254
    Latitude
    42.524494

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    FAQs

    What type of property is this?
    Storefront property - Banquet hall for sale, ideal for events and hospitality.
    Where is this storefront property located?
    The property is located at 7231 Chicago Rd Warren, MI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Turn-key banquet hall ready for immediate operation.; - Fully furnished event space suitable for various events.; - Includes a commercial kitchen.
    (248) 729-0011
    Request Owner's contact information
    7231 Chicago Rd Warren, MI 48092
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7231 Chicago Rd Warren, MI 48092
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