Turn-Key Bar and Restaurant with Liquor
For Sale
$175,000
11660 E 13 Mile Road, Warren, MI 48093
COMMERCIAL - Warren, MI
Property Size2,300 SF
Price / SF$76.09
Days on Market56
Property Features for 11660 E 13 Mile Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Warren (50023)
Standard status
Active
APN
000000000
Size
2,300 SF
Utilities
Water source
Public
Building Details
Year built
2025
Listing Agency:
Realty Executives Home Towne Chesterfield · Realty Executives International
(586) 949-8300
Listed By:
Valerie Devaney
(914) 999-0122
Added: Jun 15
Changed: Aug 4
Last Checked: Aug 9 at 12:06AM
MLS# 50211503
Copyright © 2026 Multiple Listing Service MiRealSource. 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 turn-key bar and restaurant is designed for immediate operation, with a fully built-out bar area and commercial kitchen. The sale includes the liquor license, along with all furniture, fixtures, and equipment, plus full transition assistance to support a smooth ownership transfer. Built in 2025, the 2,300-square-foot facility is presented as clean, organized, and easy to operate, with public water service available.
The business features multiple entertainment-driven revenue sources, including pool tables, dart leagues, pool leagues, and live entertainment. It also includes live music and offers opportunities to grow programming, increase league participation, and expand promotions and events.
A large parking lot supports guest access. Additional details, including financial information, equipment inventory, and lease details, are available upon request with a signed confidentiality agreement.
The business features multiple entertainment-driven revenue sources, including pool tables, dart leagues, pool leagues, and live entertainment. It also includes live music and offers opportunities to grow programming, increase league participation, and expand promotions and events.
A large parking lot supports guest access. Additional details, including financial information, equipment inventory, and lease details, are available upon request with a signed confidentiality agreement.
Key Highlights
- Liquor license included with a turn‑key bar and restaurant for immediate operation
- 2,300‑square‑foot facility built in 2025
- Fully built‑out bar plus commercial kitchen, with furniture, fixtures, and equipment included
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
$11,816
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
6.75%
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%
$236,320
$236.3K
Cap Rate 7%
$168,800
$168.8K
Cap Rate 9%
$131,289
$131.3K
Market Conditions
NOI Build-Up for 2,300 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
$17.7K $7.68/SF
− Vacancy
−$784 −$0.34/SF
EGI
$16.9K $7.34/SF
− OpEx
−$5.1K −$2.20/SF
NOI
$11.8K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
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%
$236,320
Cap Rate 7%
$168,800
Cap Rate 9%
$131,289
Alternative Uses
Best Use
Specialty Retail
$477.6K
$417.9K – $557.2K
NOI $33,431 @ 7.0% cap · market cap 19.10%
Second Best
Industrial
$168.8K
$147.7K – $196.9K
NOI $11,816 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$507.4K
$444.0K – $592.0K
NOI $35,517 @ 7.0% cap · market cap 20.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 68%
Shops & Services 30%
Hotels & Casinos 2%
Lowe's
Home Improvements & Furnishings
24,068 visits/mo
0.5 miles
7-Eleven
Shops & Services
9,428 visits/mo
0.5 miles
Wild Bill's Tobacco
Shops & Services
1,406 visits/mo
0.5 miles
Motel 6
Hotels & Casinos
675 visits/mo
0.4 miles
Demographics for 48093, MI
24,780
Population
10,480
Households
2.4
Avg Household Size
43
Median Age
26%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,200
Density / Sq Mi
$66,420
Median Household Income
$42,685
Median Earnings
$1,123
Median Rent
$197,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully built-out bar and restaurant with commercial kitchen and liquor license included for immediate operation.
Where is this bar & pub located?
The property is located at 11660 E 13 Mile Road Warren, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Liquor license included with a turn‑key bar and restaurant for immediate operation; 2,300‑square‑foot facility built in 2025; Fully built‑out bar plus commercial kitchen, with furniture, fixtures, and equipment included
