Restaurant and Apartment
124 Brooklyn Road Napoleon, MI 49261
New
124 Brooklyn Road, Napoleon, MI, 49261
$399,900
For Sale
$399,900
Main-floor commercial kitchen space with included equipment plus an upper apartment on a large lot with oversized parking.
Property Size1,964 SF
Price / SF$203.62
Days on Market6
Property Features for 124 Brooklyn Road
General Information
- Standard status
- Active
- Size
- 1,964 SF
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1960
Listing agency
The Brokerage House
(734) 664-6789
Listed by
JENIFER SCANLON · License #6506047254
(734) 664-6789
Source
Homesforsaleinmich
Added: Jul 17 Updated: Jul 22 at 2:51AM Checked: Jul 22 at 2:51AM
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 The Brokerage House
Investment Insights
Based on property information with market context.
This mixed-use property combines main-floor commercial space with an upper apartment. The main floor is set up with a fully equipped commercial kitchen, and the included kitchen equipment supports restaurant, catering, bakery, and other service-based food preparation uses. Additional infrastructure and systems upgrades are already in place to support day-to-day operations.
Improvements reported include a newer roof, fresh exterior paint, updated electrical, new AC, and two tankless water heaters, along with major kitchen system upgrades. The property is positioned on a large lot with oversized parking and monument signage, designed to support visibility and convenient access.
An upper apartment provides supplemental income with a long-term tenant in place, offering an established residential component alongside the turnkey commercial kitchen setup.
Improvements reported include a newer roof, fresh exterior paint, updated electrical, new AC, and two tankless water heaters, along with major kitchen system upgrades. The property is positioned on a large lot with oversized parking and monument signage, designed to support visibility and convenient access.
An upper apartment provides supplemental income with a long-term tenant in place, offering an established residential component alongside the turnkey commercial kitchen setup.
Key Highlights
- 1960 mixed‑use building with 1,052 SF main‑floor commercial space and an upper 912 SF apartment
- Main floor includes a fully equipped commercial kitchen with all kitchen equipment included
- Upper apartment is currently leased at $1,400 per month to a long‑term tenant
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 | $27.1k | $13.80 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $24.9k | $12.67 |
| − OpEx | −$6.2k | −$3.17 |
| NOI | $18.7k | $9.50 |
1,964 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$266.6K
$233.3K – $311.0K
NOI $18,661 @ 7.0% cap · market cap 4.67%
Second Best
Industrial
$194.9K
$170.6K – $227.4K
NOI $13,645 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$313.5K
$274.3K – $365.8K
NOI $21,947 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial kitchens
FAQs
What type of property is this?
Commercial kitchen - Main-floor commercial kitchen space with included equipment plus an upper apartment on a large lot with oversized parking.
Where is this commercial kitchen located?
The property is located at 124 Brooklyn Road Napoleon, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1960 mixed‑use building with 1,052 SF main‑floor commercial space and an upper 912 SF apartment; Main floor includes a fully equipped commercial kitchen with all kitchen equipment included; Upper apartment is currently leased at $1,400 per month to a long‑term tenant
