Restaurant Space with Included
New
For Sale
$550,000
1679 Dix Hwy, Lincoln Park, MI 48146
Configured for dining, food preparation, storage, and multiple restaurant operating formats.
Property Size2,520 SF
Price / SF$218.25
Days on Market2
Property Features for 1679 Dix Hwy
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Highway Access
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$10,414
Building Details
Building Size
2,520 SF
Listing Agency:
RE/MAX Team 2000
(313) 561-0900
Listed By:
Yousef Beydoun · License #6501354088
(313) 561-0900
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 7:27AM
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 RE/MAX Team 2000
Investment Insights
Based on property information with market context.
The restaurant property at 1679 Dix Hwy includes 2,520 SF arranged with an open dining room, substantial prep kitchen, and dedicated storage. Furniture, fixtures, and equipment are included, providing an established physical setup for restaurant operations. The layout can accommodate full-service dining, fast-casual service, catering, or specialty food concepts.
The site provides 25+ on-site parking spaces and sits near Southfield Road with access to I-75. The surrounding area records a walk score of 73 and a bike score of 62, supporting multiple transportation options for customers and staff.
The site provides 25+ on-site parking spaces and sits near Southfield Road with access to I-75. The surrounding area records a walk score of 73 and a bike score of 62, supporting multiple transportation options for customers and staff.
Key Highlights
- 2,520 SF restaurant property with open dining, prep kitchen, and storage
- Furniture, fixtures, and equipment included in the offering
- 25+ on‑site parking spaces
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
$32,659
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
5.94%
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%
$653,180
$653.2K
Cap Rate 7%
$466,557
$466.6K
Cap Rate 9%
$362,878
$362.9K
Market Conditions
NOI Build-Up for 2,520 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
$45.4K $18.00/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$43.5K $17.28/SF
− OpEx
−$10.9K −$4.32/SF
NOI
$32.7K $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 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%
$653,180
Cap Rate 7%
$466,557
Cap Rate 9%
$362,878
Alternative Uses
Best Use
Specialty Retail
$466.6K
$408.2K – $544.3K
NOI $32,659 @ 7.0% cap · market cap 5.94%
Second Best
Industrial
$186.4K
$163.1K – $217.4K
NOI $13,046 @ 7.0% cap · market cap 2.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
225k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 26%
Shops & Services 21%
Electronics 5%
Kroger
Groceries
58,067 visits/mo
0.4 miles
McDonald's
Dining
29,094 visits/mo
0.5 miles
Dollar Tree
Shops & Services
25,054 visits/mo
0.4 miles
Starbucks
Dining
22,220 visits/mo
0.4 miles
Wendy's
Dining
22,080 visits/mo
0.3 miles
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
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?
Conventional restaurant - Configured for dining, food preparation, storage, and multiple restaurant operating formats.
Where is this conventional restaurant located?
The property is located at 1679 Dix Hwy Lincoln Park, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,520 SF restaurant property with open dining, prep kitchen, and storage; Furniture, fixtures, and equipment included in the offering; 25+ on‑site parking spaces
