Restaurant and Banquet
12712 Plymouth Road Unit SourceFi Detroit, MI 48227
For Sale
$280,000
Updated 4,000 SF restaurant and banquet setup with a fully equipped commercial kitchen, sizable lot, and paved parking.
Property Size4,000 SF
Lot Size0.22 Acres
Price / SF$70
Days on Market16
Property Features for 12712 Plymouth Road Unit SourceFi
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.22 Acres
Property subtype
Industrial
Building Details
Year Built
20
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 808-6436
Listed By:
Erick Monzo
(586) 808-6436
Source:
Xome
Added: Jul 14
Changed: Jul 25
Last Checked: Jul 29 at 4:29AM
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 Realty-Great Lakes
Investment Insights
Based on property information with market context.
This updated 4,000-square-foot restaurant and banquet facility is currently operating with an open floor plan and a full-service commercial kitchen. The property also includes modern 2024 renovations and is presented as flexible for alternative commercial uses.
The building sits on an approximately 80 x 120-foot lot with about 80 feet of road frontage, supporting strong site presence. Ample paved parking is available on site, and the property is offered with flexible zoning considerations and land contract terms mentioned in the remarks.
For buyers evaluating layout and operational readiness, the combination of an open event/guest area, fully equipped kitchen, and recent improvements provides a practical foundation for restaurant or other compatible commercial conversions.
The building sits on an approximately 80 x 120-foot lot with about 80 feet of road frontage, supporting strong site presence. Ample paved parking is available on site, and the property is offered with flexible zoning considerations and land contract terms mentioned in the remarks.
For buyers evaluating layout and operational readiness, the combination of an open event/guest area, fully equipped kitchen, and recent improvements provides a practical foundation for restaurant or other compatible commercial conversions.
Key Highlights
- Updated 4,000 SF commercial property currently operating as a banquet hall and full‑service restaurant
- Fully equipped commercial kitchen for restaurant use or adaptable for other commercial concepts
- Modern 2024 renovations
Financial Insights For Industrial
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 | $29.3k | $7.32 |
| − Vacancy | −$1.5k | −$0.37 |
| EGI | $27.8k | $6.95 |
| − OpEx | −$8.3k | −$2.08 |
| NOI | $19.5k | $4.86 |
4,000 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$570.9K
$499.5K – $666.0K
NOI $39,960 @ 7.0% cap · market cap 14.27%
Second Best
Retail
$505.1K
$442.0K – $589.3K
NOI $35,356 @ 7.0% cap · market cap 12.63%
Theoretical Best
Multifamily LT 5
$650.8K
$569.4K – $759.2K
NOI $45,553 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated 4,000 SF restaurant and banquet setup with a fully equipped commercial kitchen, sizable lot, and paved parking.
Where is this conventional restaurant located?
The property is located at 12712 Plymouth Road Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Updated 4,000 SF commercial property currently operating as a banquet hall and full‑service restaurant; Fully equipped commercial kitchen for restaurant use or adaptable for other commercial concepts; Modern 2024 renovations
