Restaurant with Pole
For Sale
$375,000
14693 E 8 Mile Road, Warren, MI 48089
COM/IND/BUS OPP, Warren, MI
Property Size800 SF
Lot Size0.09 Acres
Price / SF$468.75
Days on Market765
Property Features for 14693 E 8 Mile Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Investment Park
Lot features
Main Street
Standard status
Active
APN
12-13-36-453-066
Size
800 SF
Lot size
0.09 Acres
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1948
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony Rubino
(586) 873-5419
Added: Sep 16, 2024
Changed: Oct 6
Last Checked: Oct 20 at 10:06PM
MLS# 50155421
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.
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Investment Insights
Based on property information with market context.
The offering is a conventional restaurant at 14693 E 8 Mile Road in Warren, Michigan. The property includes an approximately 800-square-foot building on 0.09 acres, with furniture, fixtures, and equipment included in the sale. Constructed in 1948, the building is served by forced-air heating and public water.
The property fronts E 8 Mile Road, where traffic is reported at approximately 40,000 VPD. Exterior pole signage is also present, providing an established roadside identification feature.
The property fronts E 8 Mile Road, where traffic is reported at approximately 40,000 VPD. Exterior pole signage is also present, providing an established roadside identification feature.
Key Highlights
- Restaurant building measures approximately 800 square feet
- 0.09‑acre property at 14693 E 8 Mile Road, Warren, MI 48089
- Furniture, fixtures, and equipment included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,628
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,560
$232.6K
Cap Rate 7%
$166,114
$166.1K
Cap Rate 9%
$129,200
$129.2K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$16.3K $20.40/SF
− Vacancy
−$816 −$1.02/SF
EGI
$15.5K $19.38/SF
− OpEx
−$3.9K −$4.85/SF
NOI
$11.6K $14.54/SF
Area
Warren, MI
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,560
Cap Rate 7%
$166,114
Cap Rate 9%
$129,200
Alternative Uses
Best Use
Specialty Retail
$166.1K
$145.4K – $193.8K
NOI $11,628 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$176.5K
$154.4K – $205.9K
NOI $12,354 @ 7.0% cap · market cap 3.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
139k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 32%
Groceries 11%
Electronics 6%
Dollar Tree
Shops & Services
16,972 visits/mo
0.4 miles
Aldi
Groceries
15,887 visits/mo
0.1 miles
White Castle
Dining
13,359 visits/mo
0.2 miles
BP
Shops & Services
12,854 visits/mo
0.3 miles
Burger King
Dining
10,456 visits/mo
0.3 miles
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing furniture, fixtures, and equipment are included with the sale.
Where is this conventional restaurant located?
The property is located at 14693 E 8 Mile Road Warren, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Restaurant building measures approximately 800 square feet; 0.09‑acre property at 14693 E 8 Mile Road, Warren, MI 48089; Furniture, fixtures, and equipment included in the sale
