Building Details

Building Size 3,544 SF

Year Built 1989

Stories 1

Listing Agency: Signature Associates - Southfield

Listed By: Marvin Petrous · License #6501386692 Show Phone

Source: Cpix.resimplifi

Added: Feb 26, 2025 Changed: Oct 14 Last Checked: Oct 14 at 7:47PM

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Investment Insights

Based on property information with market context.

This former Wendy’s restaurant includes a 3,544-square-foot building with an existing drive-through. Constructed in 1989, the property occupies 1.29 acres and is zoned B2, providing a defined commercial setting for restaurant use.

The site is positioned one quarter mile from Interstate 96, with industrial, retail, and hotel uses in the surrounding area. Nearby businesses and destinations include Arby's, Comfort Inn & Suites, Cricket's Home Furnishings, Full Throttle Motorsports, Capitol Harley Davidson, Holiday Inn Express & Suites, and The Summit Sports and Ice Complex.

Key Highlights

• 3,544 sq. ft. former Wendy’s restaurant building
• Existing drive‑through component
• 1.29‑acre commercial site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,280

Cap Rate

3.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$785,600 $785.6K

Cap Rate 7%

$561,143 $561.1K

Cap Rate 9%

$436,444 $436.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,544 SF

Gross rent

$63.8K $18.00/SF

− Vacancy

−$11.4K −$3.22/SF

EGI

$52.4K $14.78/SF

− OpEx

−$13.1K −$3.69/SF

NOI

$39.3K $11.08/SF

Area

Eaton County, MI

Vacancy

17.90%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$785,600

Cap Rate 7%

$561,143

Cap Rate 9%

$436,444

Alternative Uses

Best Use

Specialty Retail

$561.1K

$491.0K – $654.7K (±1% cap)

NOI $39,280 @ 7.0% cap · market cap 3.95%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$40.80M

$35.70M – $47.60M (±1% cap)

NOI $2,856,073 @ 7.0% cap · market cap 287.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Wendy's Restaurant

Suggested Use

Top Pick Garden Center Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Electrical Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

104

Businesses Nearby

10k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 89% Hotels & Casinos 8% Shops & Services 3%

Arby's Dining

9,264 visits/mo 0.1 miles

Comfort Inn & Suites Hotels & Casinos

846 visits/mo 0.1 miles

Commercial Tire Shops & Services

349 visits/mo 0.3 miles

Demographics for 48821, MI

5,987

Population

2,591

Households

2.3

Avg Household Size

51

Median Age

36%

College-Educated

97%

High-School Grad

19.9 sq mi

ZIP Area

301

Density / Sq Mi

$103,652

Median Household Income

$57,222

Median Earnings

$1,003

Median Rent

$237,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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12,554 SF

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Auto Shop on Acreage

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Comfort Inn & Suites Hotel

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Contact for pricing

70,038 SF

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Former restaurant property with an existing drive-through on a commercial site zoned B2.

Where is this drive through restaurant located?

The property is located at 9805 Davis Hwy Dimondale, MI.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 3,544 sq. ft. former Wendy’s restaurant building; Existing drive‑through component; 1.29‑acre commercial site