Vacant QSR Retail
20240 Plymouth Rd Detroit, MI 48228
For Sale
Contact for pricing
Pending
Vacant 2,413 SF QSR for sale in Detroit.
Property Size2,413 SF
Days on Market975
Property Features for 20240 Plymouth Rd
General Information
- Standard status
- Pending
- Size
- 2,413 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1992
Listing Agency:
SRS Real Estate Partners Newport Beach
(248) 688-0630
Listed By:
Michael Carter · License #MI 6501369793
Source:
Crexi
Added: Nov 21, 2023
Changed: Jul 10
Last Checked: Jul 22 at 9:09AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This 2,413 square foot commercial property is available for sale. It presents an opportunity for an owner-user or redevelopment. The property is suitable for retail use and was formerly a quick-service restaurant (QSR).
Key Highlights
- Vacant QSR (Quick Service Restaurant)
- Owner‑User or Redevelopment Opportunity
- Retail Property
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 | $46.3k | $19.20 |
| − Vacancy | −$2.3k | −$0.96 |
| EGI | $44.0k | $18.24 |
| − OpEx | −$11.0k | −$4.56 |
| NOI | $33.0k | $13.68 |
2,413 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$471.6K
$412.6K – $550.2K
NOI $33,010 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$495.6K
$433.7K – $578.2K
NOI $34,693 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
FAQs
What type of property is this?
Drive through restaurant - Vacant 2,413 SF QSR for sale in Detroit.
Where is this drive through restaurant located?
The property is located at 20240 Plymouth Rd Detroit, MI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Vacant QSR (Quick Service Restaurant); Owner‑User or Redevelopment Opportunity; Retail Property
