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    428 Clinton St Detroit, MI 48226

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    For Sale
    $2,000,000

    Operating restaurant with rehab-ready upper floors near I-375.

    Property size:
    16,664 SF
    Lot size:
    0.13 Acres

    Property Features for 428 Clinton St

    General Information

    Size
    16,664 SF
    Lot size
    0.13 Acres

    Source: NAI Farbman - Corporate Agent Todd Szymczak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Restaurant and Retail Opportunity

    This property, located near I-375 and Gratiot Avenue, features an operating restaurant on the main floor. The upper floors are rehab-ready, presenting an opportunity for redevelopment. The historical facade can be rejuvenated to restore its original charm. Situated in a walkable area, the property is near sports venues, casino hotels, shopping, and restaurants. The surrounding area has a significant development pipeline. The property is suitable for restaurants and retail purposes. The total property size is 16664 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Similar Places Nearby

    Angel Food Catering, Bree's Kitchen, LLC, The Kitchen Gnome, Johnson Angela, Eurest Detroit

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0436899
    Latitude
    42.3359431

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    FAQs

    What type of property is this?
    Restaurant - Operating restaurant with rehab-ready upper floors near I-375.
    Where is this restaurant located?
    The property is located at 428 Clinton St Detroit, MI.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Operating Restaurant on Main Floor; - Walkable - Near Sports Venues, Casino/Hotels, Shopping and Restaurants; - Located Near I-375 and Gratiot Avenue
    (248) 351-4378
    Request Owner's contact information
    428 Clinton St Detroit, MI 48226
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    Detroit, MI 48226
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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
    428 Clinton St Detroit, MI 48226
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