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Operating Grocery Store Business
New
For Sale
$249,900

170 S Venoy Rd, Westland, MI 48186

Sale includes inventory, equipment, and an assumption of the existing lease.

Property Size3,792 SF
Days on Market2

Property Features for 170 S Venoy Rd

General Information

Standard status Active
Size 3,792 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $40,321

Building Details

Building Size 3,792 SF
Year Built 1985
Listing Agency: Keller Williams Professionals
Listed By: Jeff Glover · License #6501317808
Source: Elliman
Added: Sep 18 Last Checked: Sep 19 at 10:38AM

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 Keller Williams Professionals

Investment Insights

Based on property information with market context.

This offering covers an operating grocery business, not the underlying real estate. The business occupies a 3,792 SQFT corner unit at 170 S Venoy Rd in Westland, with a rear garage door serving delivery access. The premises include 2 half bathrooms and an equipment package consisting of 11 freezers and 6 coolers.

The buyer will assume the current lease, which has a 5-year term plus an additional 5-year option. The business also includes its inventory and equipment. The building was constructed in 1985, and financial information is available to qualified buyers who execute an NDA.

Key Highlights

  • Business sale excludes the real estate
  • 3,792 SQFT corner unit at 170 S Venoy Rd, Westland, MI 48186
  • Equipment includes 11 freezers and 6 coolers

Property Analytics

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Current Use

Maranatha African Market African Goods Store

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon

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

164
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
7-Eleven Shops & Services
5,886 visits/mo 0.1 miles
Shell Shops & Services
3,920 visits/mo 0.1 miles

Demographics for 48186, MI

35,690
Population
14,543
Households
2.5
Avg Household Size
39
Median Age
19%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
4,300
Density / Sq Mi
$67,203
Median Household Income
$37,591
Median Earnings
$1,083
Median Rent
$167,600
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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Sale includes inventory, equipment, and an assumption of the existing lease.
Where is this grocery and convenience store located?
The property is located at 170 S Venoy Rd Westland, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Business sale excludes the real estate; 3,792 SQFT corner unit at 170 S Venoy Rd, Westland, MI 48186; Equipment includes 11 freezers and 6 coolers
More about this property
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