Turnkey Texas Style Smokehouse
18035 Conant, Detroit, MI 48234
Fully outfitted Texas style smokehouse, ready to serve.
Type:Retail
Property size:
983 SFPrice / SF:
$213/SF- Added:
- Oct 24, 2025
- Days on Market:
- 211
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 18035 Conant
General Information
- Standard status
- Active
- Size
- 983 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1972
Listing agent Rob Funk License #112525
Listing office RE/MAX First - City Real Estate Team
Listing date Oct 24, 2025
Source Crexi
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 First - City Real Estate Team
HighLights
- Turnkey Texas‑style smokehouse BBQ operation, fully outfitted and ready to serve.
- Two brand new professional smokers ($35,000 each).
- Completely upgraded with new refrigeration, freezer, and HVAC system.
- State‑of‑the‑art security system with iron curtain protection and shades.
- Freshly paved parking lot and clean, professional curb appeal.
- Includes a complete set of kitchen tools and utensils.
Overview
This is a turnkey Texas style carry out smokehouse barbecue operation, fully outfitted and ready to serve. The 983 square foot establishment has been completely upgraded. It is suited for an owner/operator or investor looking for a premium, ready to go, barbecue business. Upgrades include two new professional smokers, new refrigeration, freezer and HVAC system, a security system with iron curtain protection and shades, a new commercial ice machine, a new condiment bar and two new refrigerators, two new deep fryers plus three existing fryers, a new food warmer, and a complete set of kitchen tools and utensils. Additional features include new fencing around the smokehouse, a freshly paved parking lot, and professional curb appeal. The equipment represents a major value with tens of thousands invested in recent upgrades. This property is located in Detroit, MI.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$144.1K
NOI $12,972 @ 9.00% cap · cautious / downside scenario
Moderate
$185.3K
NOI $12,972 @ 7.00% cap · market / base-case scenario
Aggressive
$259.4K
NOI $12,972 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.3k | $18.60 |
| − Vacancy | −$987 | −$1.00 |
| EGI | $17.3k | $17.60 |
| − OpEx | −$4.3k | −$4.40 |
| NOI | $13.0k | $13.20 |
983 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$185.3K
$162.2K – $216.2K
NOI $12,972 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.9K
$189.8K – $253.0K
NOI $15,180 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Pryor's Fine Food
Restaurant
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0693493
- Latitude
- 42.426385
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Fully outfitted Texas style smokehouse, ready to serve.
Where is this conventional restaurant located?
The property is located at 18035 Conant Detroit, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Turnkey Texas‑style smokehouse BBQ operation, fully outfitted and ready to serve.; Two brand new professional smokers ($35,000 each).; Completely upgraded with new refrigeration, freezer, and HVAC system.
