Turn-Key Bar and
For Sale
$1,399,999
7000 Merriman Rd, Romulus, MI 48174
Turn-key bar and restaurant for sale near Detroit Metro Airport and the hotel district.
Property Size3,982 SF
Price / SF$351.58
Days on Market80
Property Features for 7000 Merriman Rd
General Information
Standard status
Active
Size
3,982 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1999
Listing Agency:
New Michigan Realty, LLC
Listed By:
Joseph Tinpan · License #6501306210
(586) 634-0365
Source:
Katie-k
Added: Jul 19
Changed: Sep 24
Last Checked: Oct 6 at 12:38AM
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 New Michigan Realty, LLC
Investment Insights
Based on property information with market context.
A turn-key bar and restaurant opportunity located at 7000 Merriman Road Unit SourceFi in Romulus, Michigan. The offering is presented as ready for a new owner, with the operations stated to be in place and prepared for immediate transition.
The property is positioned close to Detroit Metro Airport and the hotel district, placing it in an area that draws daily travelers. The business is described as a local staple in the community.
With a commercial configuration designed for bar and restaurant use, this is offered for sale and presented as available for the first time in decades.
The property is positioned close to Detroit Metro Airport and the hotel district, placing it in an area that draws daily travelers. The business is described as a local staple in the community.
With a commercial configuration designed for bar and restaurant use, this is offered for sale and presented as available for the first time in decades.
Key Highlights
- Bar and restaurant for sale in Romulus, located close to Detroit Metro Airport and the hotel district
- Lot dimensions listed at 150,528.53 (units not specified)
- Heating system indicated as “3” in Interior Features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,607
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,140
$1.0M
Cap Rate 7%
$737,243
$737.2K
Cap Rate 9%
$573,411
$573.4K
Market Conditions
NOI Build-Up for 3,982 SF
Gross rent
$71.7K $18.00/SF
− Vacancy
−$2.9K −$0.72/SF
EGI
$68.8K $17.28/SF
− OpEx
−$17.2K −$4.32/SF
NOI
$51.6K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,140
Cap Rate 7%
$737,243
Cap Rate 9%
$573,411
Alternative Uses
Best Use
Specialty Retail
$737.2K
$645.1K – $860.1K
NOI $51,607 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
35k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Hotels & Casinos 26%
Dining 17%
Marathon Petroleum
Shops & Services
10,225 visits/mo
0.1 miles
Shell
Shops & Services
5,623 visits/mo
0.2 miles
Holiday Inn Express Romulus / Detroit Airport
Hotels & Casinos
5,198 visits/mo
0.5 miles
Public Service Credit Union
Shops & Services
4,334 visits/mo
0.4 miles
Americas Best Value Inn Romulus Detroit Airport
Hotels & Casinos
3,953 visits/mo
0.4 miles
Demographics for 48174, MI
33,683
Population
13,124
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
89%
High-School Grad
40.8 sq mi
ZIP Area
826
Density / Sq Mi
$65,675
Median Household Income
$41,186
Median Earnings
$1,053
Median Rent
$151,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Capitol Bistro & Bar — 7600 Merriman Rd, Romulus, MI 48174
- Airport Wheat & Rye — 7000 Merriman Rd, Romulus, MI 48174
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turn-key bar and restaurant for sale near Detroit Metro Airport and the hotel district.
Where is this bar & pub located?
The property is located at 7000 Merriman Rd Romulus, MI.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Bar and restaurant for sale in Romulus, located close to Detroit Metro Airport and the hotel district; Lot dimensions listed at 150,528.53 (units not specified); Heating system indicated as “3” in Interior Features
