Turnkey Restaurant Opportunity on Warren

17420 E Warren Ave, Detroit, MI 48224

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For Sale

$749,000

Freestanding restaurant with commercial kitchen, parking, and high visibility.

Property size:

4,980 SF

Price / SF:

$150/SF

Listing Contact

Quinnon L Martin III

Real Estate License ID: 6501179804

HighLights

Turnkey restaurant opportunity, ready for immediate operation.
High‑visibility location on busy E. Warren, attracting significant customer traffic.
Spacious dining area and fully equipped commercial kitchen.
Onsite parking for customer convenience.
Suitable for various restaurant concepts: sit‑down, carry‑out, or franchise.
Surrounded by established neighborhoods and local businesses, ensuring a steady customer base.

Learn more

For Sale

$749,000

Freestanding restaurant with commercial kitchen, parking, and high visibility.

Property size:

4,980 SF

Price / SF:

$150/SF

Added:: Apr 22, 2026
Days on Market:: 50
Last Refresh:: May 25 at 9:26 pm

Property Features for 17420 E Warren Ave

General Information

Standard status: Active
Size: 4,980 SF

We can help!

Listing Contact

Quinnon L Martin III

Listing agent Quinnon L Martin III License #6501179804

Listing office Leboursia Realty Group

Listing date Apr 22, 2026

Source Exprealty

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 Leboursia Realty Group

HighLights

Turnkey restaurant opportunity, ready for immediate operation.
High‑visibility location on busy E. Warren, attracting significant customer traffic.
Spacious dining area and fully equipped commercial kitchen.
Onsite parking for customer convenience.
Suitable for various restaurant concepts: sit‑down, carry‑out, or franchise.
Surrounded by established neighborhoods and local businesses, ensuring a steady customer base.

Overview

This high-visibility, freestanding restaurant property is located on busy E. Warren near Cadieux. The property features a spacious dining area, a commercial kitchen setup, and on-site parking. It is suitable for a sit-down restaurant, carry-out business, or franchise concept. The location is surrounded by established neighborhoods and local businesses, providing strong customer traffic and growth potential. The property is also suitable for catering and banquet facilities. The building size is 4,980 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$92.6k	$18.60
− Vacancy	−$5.0k	−$1.00
EGI	$87.6k	$17.60
− OpEx	−$21.9k	−$4.40
NOI	$65.7k	$13.20

4,980 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$938.9K

$821.5K – $1.10M (±1% cap)

NOI $65,720 @ 7.0% cap · market cap 8.77%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $87,928 @ 7.0% cap · market cap 11.74%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -82.925033
Latitude: 42.407429

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For sale
Restaurants
MI
Detroit
48224
17420 E Warren Ave

What type of property is this?

Restaurant - Freestanding restaurant with commercial kitchen, parking, and high visibility.

Where is this restaurant located?

The property is located at 17420 E Warren Ave Detroit, 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: Turnkey restaurant opportunity, ready for immediate operation.; High‑visibility location on busy E. Warren, attracting significant customer traffic.; Spacious dining area and fully equipped commercial kitchen.