Quick-Service Restaurant with
20200 Grand River Ave Detroit, MI 48219
For Sale
Contact for pricing
Former QSR space with an in-place drive-thru configuration and existing infrastructure for quick-service operations.
Property Size2,860 SF
Price / SF$209.44
Days on Market73
Property Features for 20200 Grand River Ave
General Information
- Standard status
- Active
- Size
- 2,860 SF
- Property subtype
- RETAIL
Listing Agency:
Landmark Commercial Real Estate Services
(248) 488-2620
Listed By:
Anthony Vitale · License #6505422306
(248) 488-2620
Source:
Moodyscre
Added: May 14
Changed: Jul 25
Last Checked: Jul 25 at 10:16AM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This former QSR restaurant space is set up for quick-service operations, with existing infrastructure already in place and a drive-thru configuration for customer flow. The property also includes convenient ingress and egress designed to support smooth access during business hours.
Located along Grand River Avenue in Detroit, the site benefits from strong daily traffic counts and excellent visibility. The space offers prominent signage opportunities to support brand exposure, and there is ample on-site parking to accommodate customer demand.
Located along Grand River Avenue in Detroit, the site benefits from strong daily traffic counts and excellent visibility. The space offers prominent signage opportunities to support brand exposure, and there is ample on-site parking to accommodate customer demand.
Key Highlights
- Former QSR space with in‑place drive‑thru configuration
- Existing infrastructure in place for quick‑service concepts
- Prime location along Grand River Avenue with strong daily traffic counts
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 | $53.2k | $18.60 |
| − Vacancy | −$2.9k | −$1.00 |
| EGI | $50.3k | $17.60 |
| − OpEx | −$12.6k | −$4.40 |
| NOI | $37.7k | $13.20 |
2,860 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$539.2K
$471.8K – $629.1K
NOI $37,743 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,120 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
FAQs
What type of property is this?
Drive through restaurant - Former QSR space with an in-place drive-thru configuration and existing infrastructure for quick-service operations.
Where is this drive through restaurant located?
The property is located at 20200 Grand River Ave Detroit, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Former QSR space with in‑place drive‑thru configuration; Existing infrastructure in place for quick‑service concepts; Prime location along Grand River Avenue with strong daily traffic counts
