20400 E Austin Road Manchester, MI 48158
COMMERCIAL - Manchester, MI
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 11:06 pm
Property Features for 20400 E Austin Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- P-16-01-400-005
- Size
- 3,155 SF
- Lot size
- 1.65 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- OLD SID - P 16-001-013-00 MA 1-10B THE W 180 FT OF THE W 1/2 OFSE 1/4 LYING BETWEEN THE RIVER RAISIN AND THE HWY. SEC 1
- Tax Annual Amount
- 6665
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 1
Listing agent Charles Koenn License #6506040186 (734) 926-0230
Listing office Swisher Commercial 180 Little Lake Dr. Ste 4, Ann Arbor, MI (734) 663-0501
Listing date Jul 9, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located on the southeast edge of Manchester city limits, the restaurant sits along the River Raisin with river frontage on a 1.65-acre lot. The property is positioned at the busy intersection of M-52 and Austin Road, providing convenient access for customers.
For buyers and operators seeking a restaurant they can step into with existing equipment and license documentation included, this offering may fit well. Showings are by appointment only, and buyers must sign a confidentiality agreement; staff should not be approached. The current owner is prepared to retire, creating a transfer opportunity for a new operator or investor.
Key Highlights
- 3,155 SF restaurant building rebuilt and expanded in 2003
- 1.65‑acre site bordering the River Raisin with River Raisin frontage
- All equipment and licenses included
Local 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 | $68.1k | $21.60 |
| − Vacancy | −$9.7k | −$3.09 |
| EGI | $58.4k | $18.51 |
| − OpEx | −$14.6k | −$4.63 |
| NOI | $43.8k | $13.88 |
