Nightclub with Cabaret
For Sale
$750,000
13109 W Eight Mile Road, Detroit, MI 48235
COM/IND/BUS OPP, Detroit, MI
Property Size3,800 SF
Lot Size0.25 Acres
Price / SF$197.37
Days on Market735
Property Features for 13109 W Eight Mile Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Blackstone Park Sub
Lot features
Bus Service Near Site, Corner Lot, Main Street
Standard status
Active
APN
22018570 & 22018571
Size
3,800 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3813
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Listing Agency:
Berkshire Hathaway HomeServices Kee Realty · Real Living
(586) 840-0400
Listed By:
Bill Minor · License #MISPE-6501243324
(586) 530-1059
Added: Aug 19, 2024
Changed: Aug 19
Last Checked: Aug 23 at 9:06AM
MLS# 50152538
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,800-square-foot nightclub property includes a full food menu, bar service, entertainment options, and a spacious kitchen equipped with updated equipment. The business has been family owned and operated for over 50 years and is offered with both a Cabaret License (D) and Liquor License (C). Forced-air heating, central air, and public water serve the building, which was constructed in 1954.
The property occupies 0.25 acres at 13109 W Eight Mile Road in Detroit, Michigan. Its corner position includes ample parking and supports the existing entertainment-oriented operation. The sale combines the established club business with its dedicated building, kitchen, bar, and customer-access features.
The property occupies 0.25 acres at 13109 W Eight Mile Road in Detroit, Michigan. Its corner position includes ample parking and supports the existing entertainment-oriented operation. The sale combines the established club business with its dedicated building, kitchen, bar, and customer-access features.
Key Highlights
- 3,800‑square‑foot nightclub property on 0.25 acres
- Cabaret License (D) and Liquor License (C) included
- Family owned and operated for over 50 years
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
$37,450
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
4.99%
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%
$749,000
$749.0K
Cap Rate 7%
$535,000
$535.0K
Cap Rate 9%
$416,111
$416.1K
Market Conditions
NOI Build-Up for 3,800 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
$53.8K $14.16/SF
− Vacancy
−$3.9K −$1.02/SF
EGI
$49.9K $13.14/SF
− OpEx
−$12.5K −$3.29/SF
NOI
$37.5K $9.86/SF
Area
ZIP 48235
Vacancy
7.20%
Lease Rate
$14.16 /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%
$749,000
Cap Rate 7%
$535,000
Cap Rate 9%
$416,111
Alternative Uses
Best Use
Specialty Retail
$535.0K
$468.1K – $624.2K
NOI $37,450 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$538.7K
$471.3K – $628.4K
NOI $37,706 @ 7.0% cap · market cap 5.03%
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
484
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 38%
Home Improvements & Furnishings 1%
Marathon Petroleum
Shops & Services
7,005 visits/mo
0.1 miles
Church's Chicken
Dining
6,421 visits/mo
0.2 miles
Exxon
Shops & Services
6,017 visits/mo
0.3 miles
Tubby's
Dining
3,144 visits/mo
0.3 miles
Northland Chrysler Dodge Jeep Ram
Shops & Services
2,143 visits/mo
0.5 miles
Demographics for 48235, MI
45,188
Population
20,946
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
7,288
Density / Sq Mi
$41,011
Median Household Income
$31,545
Median Earnings
$1,151
Median Rent
$79,400
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Night club - Established entertainment venue with a full food menu, bar service, and updated kitchen equipment.
Where is this night club located?
The property is located at 13109 W Eight Mile Road Detroit, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,800‑square‑foot nightclub property on 0.25 acres; Cabaret License (D) and Liquor License (C) included; Family owned and operated for over 50 years
