Turn-Key Restaurant
20400 E Austin Rd Manchester, MI 48158
20400 E Austin Rd, Manchester, MI, 48158
$699,000
For Sale
$699,000
Well-established restaurant on 1.65 acres at busy intersection.
Property Size3,155 SF
Lot Size1.65 Acres
Price / SF$221.55
Days on Market144
Property Features for 20400 E Austin Rd
General Information
- Standard status
- Active
- Size
- 3,155 SF
- Lot size
- 1.65 Acres
- Property subtype
- Retail
Listing Agency
Swisher Commercial
(734) 926-0222
Listed by
Jeff Evans · License #MI #6506045981
Source
Swishercommercial
Added: Feb 25 Checked: Jul 19 at 2:55 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 Swisher Commercial
Investment Insights
Based on property information with market context.
This well-established and impeccably maintained restaurant is located on the southeast edge of Manchester city limits at the intersection of M-52 and Austin Road. The 3,155 square foot building, rebuilt and expanded in 2003, sits on a 1.65-acre lot bordering the River Raisin. The property includes all equipment and licenses for a turn-key operation. It features paved parking and a backup generator. This longstanding local favorite restaurant has an excellent reputation and loyal customer base. The owner is retiring, presenting a rare investment opportunity.
Key Highlights
- Turn‑key restaurant operation including all equipment and licenses.
- Excellent reputation and loyal customer base.
- Prime location at the intersection of M‑52 and Austin Road.
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 | $68.1k | $21.60 |
| − Vacancy | −$9.7k | −$3.09 |
| EGI | $58.4k | $18.51 |
| − OpEx | −$14.6k | −$4.63 |
| NOI | $43.8k | $13.88 |
3,155 SF · lease $21.60/SF/yr · vacancy 14.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$625.7K
$547.5K – $730.0K
NOI $43,802 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$927.0K
$811.2K – $1.08M
NOI $64,892 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hungry Wolf
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Well-established restaurant on 1.65 acres at busy intersection.
Where is this conventional restaurant located?
The property is located at 20400 E Austin Rd Manchester, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turn‑key restaurant operation including all equipment and licenses.; Excellent reputation and loyal customer base.; Prime location at the intersection of M‑52 and Austin Road.
