Former Restaurant on Corner
For Sale
Contact for pricing
19100 Lahser Road, Detroit, MI 48219
Former Burger King restaurant on hard-signaled corner lot.
Property Size1,535 SF
Price / SF$194.79
Days on Market1983
Property Features for 19100 Lahser Road
General Information
Standard status
Active
Size
1,535 SF
Property subtype
Retail
Listing Agency:
Signature Associates
(248) 359-0647
Listed By:
Marvin Petrous · License #MI 6501386692
Source:
Crexi
Added: Feb 25, 2021
Changed: Jul 6
Last Checked: Jul 31 at 2:20PM
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 Signature Associates
Investment Insights
Based on property information with market context.
This property, formerly a Burger King restaurant, presents an opportunity for lease or sale. Situated on a hard-signaled corner lot at the intersection of 7 Mile and Lahser Roads, the site is suitable for various uses. The property size is 1535 square feet.
Key Highlights
- Hard‑signaled corner lot location
- Former Burger King restaurant
- Excellent opportunity for lease or sale
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.6k | $18.60 |
| − Vacancy | −$1.5k | −$1.00 |
| EGI | $27.0k | $17.60 |
| − OpEx | −$6.8k | −$4.40 |
| NOI | $20.3k | $13.20 |
1,535 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$289.4K
$253.2K – $337.6K
NOI $20,257 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.3K
$275.9K – $367.8K
NOI $22,070 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 89%
Shops & Services 10%
Dining 2%
Meijer
Groceries
73,288 visits/mo
0.5 miles
Marathon
Shops & Services
5,309 visits/mo
0.4 miles
BP
Shops & Services
2,781 visits/mo
0.5 miles
Krispy Krunchy Chicken
Dining
1,345 visits/mo
0.4 miles
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former Burger King restaurant on hard-signaled corner lot.
Where is this drive through restaurant located?
The property is located at 19100 Lahser Road Detroit, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Hard‑signaled corner lot location; Former Burger King restaurant; Excellent opportunity for lease or sale
