Established Restaurant with Outdoor
11191 Telegraph Erie, MI 48133
11191 Telegraph, Erie, MI, 48133
$895,000
For Sale
$895,000
Turn-key Mexican restaurant with licenses and outdoor seating.
Property Size5,076 SF
Price / SF$176.32
Days on Market633
Property Features for 11191 Telegraph
General Information
- Standard status
- Active
- Size
- 5,076 SF
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 1998
Listing Agency
Berkshire Hathaway Home Service Kee Realty
(734) 242-4700
Listed by
Steve Hudkins · License #6502110924
(734) 735-4780
Source
Xome
Added: Oct 24, 2024 Checked: Jul 6 at 2:07 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home Service Kee Realty
Investment Insights
Based on property information with market context.
This is a long-running and successful Mexican restaurant with an established clientele. The property is turn-key ready, and the price includes equipment and fixtures. The building offers additional potential, featuring two outdoor patios overlooking private settings. All licenses are included. The property size is 5076 square feet.
Key Highlights
- Long‑running, successful Mexican restaurant with established clientele.
- Turn‑key ready, price includes equipment and fixtures.
- Includes all licenses.
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 | $71.3k | $14.04 |
| − Vacancy | −$5.3k | −$1.05 |
| EGI | $65.9k | $12.99 |
| − OpEx | −$16.5k | −$3.25 |
| NOI | $49.4k | $9.74 |
5,076 SF · lease $14.04/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$706.3K
$618.0K – $824.0K
NOI $49,442 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.24M
$4.58M – $6.11M
NOI $366,467 @ 7.0% cap · market cap 40.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
La Fiesta Restaurant
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turn-key Mexican restaurant with licenses and outdoor seating.
Where is this conventional restaurant located?
The property is located at 11191 Telegraph Erie, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Long‑running, successful Mexican restaurant with established clientele.; Turn‑key ready, price includes equipment and fixtures.; Includes all licenses.
