Established Bar and Restaurant For
For Sale
$500,000
15036 Downey Road, Capac, MI 48014
Turnkey bar and restaurant opportunity with full kitchen.
Property Size2,926 SF
Price / SF$170.88
Days on Market363
Property Features for 15036 Downey Road
General Information
Standard status
Active
Size
2,926 SF
Property subtype
Commercial
Zoning
Commercial
Lease Term
Cash, Contract, Other
Taxes and HOA fees
Annual Taxes
$3,964
Building Details
Building Size
2,926 SF
Year Built
1949
Listing Agency:
Brookstone, Realtors LLC
(586) 995-3570
Listed By:
Richard Lemanski
(586) 995-3570
Source:
Sabudarealty
Added: Aug 28, 2025
Changed: Aug 25
Last Checked: Aug 25 at 8:11AM
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 Brookstone, Realtors LLC
Investment Insights
Based on property information with market context.
This commercial property is an established bar and restaurant. It features newly felted pool tables, a full kitchen, and a karaoke area with a dance floor. The business has lottery and Keno. This property is for sale.
Key Highlights
- Newly felted pool tables for your enjoyment.
- Full kitchen, ready for any occasion.
- Karaoke, get ready to sing your heart out!
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
$40,526
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
8.11%
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%
$810,520
$810.5K
Cap Rate 7%
$578,943
$578.9K
Cap Rate 9%
$450,289
$450.3K
Market Conditions
NOI Build-Up for 2,926 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
$55.5K $18.96/SF
− Vacancy
−$1.4K −$0.49/SF
EGI
$54.0K $18.47/SF
− OpEx
−$13.5K −$4.62/SF
NOI
$40.5K $13.85/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /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%
$810,520
Cap Rate 7%
$578,943
Cap Rate 9%
$450,289
Alternative Uses
Best Use
Specialty Retail
$578.9K
$506.6K – $675.4K
NOI $40,526 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.20M
$1.92M – $2.57M
NOI $153,977 @ 7.0% cap · market cap 30.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48014, MI
4,323
Population
1,763
Households
2.5
Avg Household Size
40
Median Age
10%
College-Educated
90%
High-School Grad
36.8 sq mi
ZIP Area
117
Density / Sq Mi
$70,341
Median Household Income
$42,244
Median Earnings
$827
Median Rent
$208,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey bar and restaurant opportunity with full kitchen.
Where is this bar & pub located?
The property is located at 15036 Downey Road Capac, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Newly felted pool tables for your enjoyment.; Full kitchen, ready for any occasion.; Karaoke, get ready to sing your heart out!
