Turn-Key Restaurant on
E 20400 E Austin Road Unit SourceFi Manchester, MI 48158
E 20400 E Austin Road Unit SourceFi, Manchester, MI, 48158
$699,000
For Sale
$699,000
Restaurant building rebuilt and expanded in 2003, located at a busy intersection and bordering the River Raisin.
Property Size3,155 SF
Lot Size1.65 Acres
Price / SF$221.55
Days on Market16
Property Features for E 20400 E Austin Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,155 SF
- Lot size
- 1.65 Acres
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 1950
Listing Agency
(734) 926-0230
Listed by
Swisher Commercial
(734) 926-0230
Source
Xome
Added: Jul 5 Checked: Jul 20 at 1:43 am
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 Swisher Commercial
Investment Insights
Based on property information with market context.
A well-established, impeccably maintained turn-key restaurant with a 3,155 SF building rebuilt and expanded in 2003. The property sits on 1.65 acres and borders the River Raisin.
The restaurant is located on the southeast edge of Manchester city limits at the busy intersection of M-52 and Austin Road. Showings are by appointment only, and buyers must sign a confidentiality agreement. Please do not approach staff; contact the broker for details.
The restaurant is located on the southeast edge of Manchester city limits at the busy intersection of M-52 and Austin Road. Showings are by appointment only, and buyers must sign a confidentiality agreement. Please do not approach staff; contact the broker for details.
Key Highlights
- 3,155 SF restaurant building rebuilt and expanded in 2003
- Sits on 1.65 acres bordering the River Raisin
- Located on the southeast edge of Manchester city limits at the intersection of M‑52 and Austin Road
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 |
3,155 SF · lease $21.60/SF/yr · vacancy 14.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$625.7K
$547.5K – $730.0K
NOI $43,802 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$927.0K
$811.2K – $1.08M
NOI $64,892 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hungry Wolf
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant building rebuilt and expanded in 2003, located at a busy intersection and bordering the River Raisin.
Where is this conventional restaurant located?
The property is located at E 20400 E Austin Road Unit SourceFi Manchester, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,155 SF restaurant building rebuilt and expanded in 2003; Sits on 1.65 acres bordering the River Raisin; Located on the southeast edge of Manchester city limits at the intersection of M‑52 and Austin Road
