Former Restaurant For
1581 Van Horn Rd, Trenton, MI 48183
For Sale
Contact for pricing
Restaurant property available for sale or lease.
Property Size2,376 SF
Price / SF$315.24
Days on Market936
Property Features for 1581 Van Horn Rd
General Information
Standard status
Size
Property subtype
Lease Type
Building Details
Year Built
Listing Agency:
NAI Farbman Southfield
Listed By:
John Harwood · License MI #6502136733
(734) 755-0488
Source:
Crexi
Added: Apr 23, 2024
Changed: Nov 12
Last Checked: Nov 12 at 4:31AM
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 NAI Farbman Southfield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property, formerly a McDonald's restaurant, is available for sale or lease. The building has a size of 2376 square feet. It is located on Van Horn Rd in Trenton, MI.
Key Highlights
- Former McDonalds For Sale / Lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,793
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,860
$615.9K
Cap Rate 7%
$439,900
$439.9K
Cap Rate 9%
$342,144
$342.1K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$42.8K $18.00/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$41.1K $17.28/SF
− OpEx
−$10.3K −$4.32/SF
NOI
$30.8K $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%
$615,860
Cap Rate 7%
$439,900
Cap Rate 9%
$342,144
Alternative Uses
Best Use
Specialty Retail
$439.9K
$384.9K – $513.2K
NOI $30,793 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
238k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 41%
Apparel 25%
Shops & Services 13%
Home Improvements & Furnishings 13%
Target
Superstores
96,475 visits/mo
0.5 miles
Marshalls
Apparel
34,179 visits/mo
0.4 miles
HomeGoods
Home Improvements & Furnishings
31,775 visits/mo
0.5 miles
maurices
Apparel
10,038 visits/mo
0.4 miles
Bath & Body Works
Beauty & Spa
9,036 visits/mo
0.4 miles
Demographics for 48183, MI
42,447
Population
18,095
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,358
Density / Sq Mi
$82,020
Median Household Income
$51,534
Median Earnings
$1,009
Median Rent
$214,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Drive through restaurants in Wayne County, MI
Properties on Market for Drive through restaurants in Wayne County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant property available for sale or lease.
Where is this drive through restaurant located?
The property is located at 1581 Van Horn Rd Trenton, MI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Former McDonalds For Sale / Lease
