Occupied Restaurant
17535 E 9 Mile Rd, Eastpointe, MI 48021
For Sale
New
$578,616
Detroit Wing Company has operated at the site as a tenant since 2015.
Property Size3,420 SF
Lot Size0.14 Acres
Price / SF$169.19
Days on Market2
Property Features for 17535 E 9 Mile Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Building Size
Listing Agency:
Mid-America Real Estate - Michigan, Inc.
Listed By:
Eric Birnholtz · License #6501412484
(248) 855-6800
Source:
Midamericagrp
Added: Nov 8
Last Checked: Oct 2 at 4:43PM
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 Mid-America Real Estate - Michigan, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The restaurant property comprises a 3,420-square-foot building on a 0.14-acre parcel. Detroit Wing Company occupies the building and has been a tenant there since 2015. The offering is the full fee simple interest in the property.
The site is on East 9 Mile Road in Eastpointe, between Gratiot Avenue and Kelly Road.
The site is on East 9 Mile Road in Eastpointe, between Gratiot Avenue and Kelly Road.
Key Highlights
- 3,420‑square‑foot building on a 0.14‑acre parcel
- Detroit Wing Company tenant in place since 2015
- East 9 Mile Road location between Gratiot Avenue and Kelly Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,820
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,400
$896.4K
Cap Rate 7%
$640,286
$640.3K
Cap Rate 9%
$498,000
$498.0K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$67.7K $19.80/SF
− Vacancy
−$8.0K −$2.33/SF
EGI
$59.8K $17.47/SF
− OpEx
−$14.9K −$4.37/SF
NOI
$44.8K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,400
Cap Rate 7%
$640,286
Cap Rate 9%
$498,000
Alternative Uses
Best Use
Specialty Retail
$640.3K
$560.3K – $747.0K
NOI $44,820 @ 7.0% cap · market cap 7.75%
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
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48021, MI
34,244
Population
14,124
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,715
Density / Sq Mi
$58,196
Median Household Income
$35,836
Median Earnings
$1,335
Median Rent
$129,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Macomb County, MI
Properties on Market for Conventional restaurants in Macomb County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Detroit Wing Company has operated at the site as a tenant since 2015.
Where is this conventional restaurant located?
The property is located at 17535 E 9 Mile Rd Eastpointe, MI.
What is the asking price?
The asking price for this property is $578,616.
What are key features of this property?
This property features: 3,420‑square‑foot building on a 0.14‑acre parcel; Detroit Wing Company tenant in place since 2015; East 9 Mile Road location between Gratiot Avenue and Kelly Road
