Turn-Key Liquor
For Sale
Contact for pricing
15300 TELEGRAPH RD, Redford, MI 48239
Busy-street liquor store offered turn-key, with blueprints for a planned 4,000-square-foot addition.
Property Size2,100 SF
Price / SF$332.86
Days on Market459
Property Features for 15300 TELEGRAPH RD
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Business for Sale, Retail
Additional Details
Business Included
Yes
Building Details
Year Built
1975
Listing Agency:
Keller Williams Home
(248) 626-2100
Listed By:
Damon Lossia · License #MI 6501368877
Source:
Crexi
Added: May 6, 2025
Changed: Jul 10
Last Checked: Aug 6 at 5:54AM
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 Keller Williams Home
Investment Insights
Based on property information with market context.
This turn-key liquor store is offered for sale as an operating business. The property is currently configured as a retail liquor location with an established setup, and the seller indicates plans are in hand for a 4,000-square-foot addition. The current premises measure 2,100 square feet and are being operated with very short hours.
The store is located on a busy major street with visibility aimed at passing traffic. The seller also notes a long-standing operating structure of “no EBT” and “no lottery” for years.
For a buyer looking for a ready-to-operate liquor retail business, this offering provides an on-site foundation and documented next steps via the addition blueprints. The seller’s stated motivation is retirement, and the business has not been actively emphasized for years, which may be relevant to buyers evaluating how they would manage hours and day-to-day operations. All inquiries and due diligence should be directed toward confirming details of the planned addition and any required approvals for the proposed expansion.
The store is located on a busy major street with visibility aimed at passing traffic. The seller also notes a long-standing operating structure of “no EBT” and “no lottery” for years.
For a buyer looking for a ready-to-operate liquor retail business, this offering provides an on-site foundation and documented next steps via the addition blueprints. The seller’s stated motivation is retirement, and the business has not been actively emphasized for years, which may be relevant to buyers evaluating how they would manage hours and day-to-day operations. All inquiries and due diligence should be directed toward confirming details of the planned addition and any required approvals for the proposed expansion.
Key Highlights
- Liquor store with year built 1975.
- Located on a busy major street.
- Includes blueprints for a planned 4,000 SF addition.
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
$27,713
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
3.96%
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%
$554,260
$554.3K
Cap Rate 7%
$395,900
$395.9K
Cap Rate 9%
$307,922
$307.9K
Market Conditions
NOI Build-Up for 2,100 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
$39.1K $18.60/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$37.0K $17.60/SF
− OpEx
−$9.2K −$4.40/SF
NOI
$27.7K $13.20/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
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%
$554,260
Cap Rate 7%
$395,900
Cap Rate 9%
$307,922
Alternative Uses
Best Use
Specialty Retail
$395.9K
$346.4K – $461.9K
NOI $27,713 @ 7.0% cap · market cap 3.96%
Second Best
Retail
$369.5K
$323.3K – $431.1K
NOI $25,866 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$463.3K
$405.4K – $540.5K
NOI $32,429 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 31%
Apparel 4%
White Castle
Dining
16,277 visits/mo
0.2 miles
Marathon Petroleum
Shops & Services
12,346 visits/mo
0.1 miles
Marathon
Shops & Services
10,147 visits/mo
0.4 miles
Shell
Shops & Services
9,497 visits/mo
0.2 miles
PNC Bank
Shops & Services
6,165 visits/mo
0.2 miles
Demographics for 48239, MI
36,814
Population
14,869
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
93%
High-School Grad
9.5 sq mi
ZIP Area
3,875
Density / Sq Mi
$69,373
Median Household Income
$41,113
Median Earnings
$1,355
Median Rent
$145,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- J & T Distributors — 15006 Telegraph Rd, Redford Charter Twp, MI 48239
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Busy-street liquor store offered turn-key, with blueprints for a planned 4,000-square-foot addition.
Where is this grocery and convenience store located?
The property is located at 15300 TELEGRAPH RD Redford, 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: Liquor store with year built 1975.; Located on a busy major street.; Includes blueprints for a planned 4,000 SF addition.
