Turn Key Restaurant For
20804 Plymouth Rd Detroit, MI 48228
For Sale
$420,000
Successful restaurant with drive-thru, equipment included, ready for new owners.
Property Size2,308 SF
Price / SF$181.98
Days on Market315
Property Features for 20804 Plymouth Rd
General Information
Standard status
Active
Size
2,308 SF
Property subtype
Retail
Building Details
Year Built
1968
Listing Agency:
Van Esley Real Estate
(313) 418-3188
Listed By:
Joseph Van Esley · License #6501185636
(313) 418-3188
Source:
Cpix.resimplifi
Added: Sep 18, 2025
Changed: Jul 10
Last Checked: Jul 29 at 3:34AM
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 Van Esley Real Estate
Investment Insights
Based on property information with market context.
A successful turn-key restaurant, known as Mary's Grill, is available for sale. The property is a conventional restaurant, ready for new owners. The dining room is illuminated with LED lighting and provides seating for 68 patrons. The restaurant includes a drive-thru. It currently operates 7 days a week. All equipment is included in the sale. The kitchen is equipped with 11 feet of hoods in the front and an additional 5 feet in the back. Cooking equipment includes a grill, fryers, stove top, and oven. The property also features a walk-in cooler and a walk-in refrigerator. The building size is 2308 square feet.
Key Highlights
- Turn‑key restaurant ready for new owners (Mary's Grill).
- Includes all equipment: grill, fryers, stove top, oven, walk‑in cooler and refrigerator.
- Convenient drive‑thru.
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 | $44.3k | $19.20 |
| − Vacancy | −$2.2k | −$0.96 |
| EGI | $42.1k | $18.24 |
| − OpEx | −$10.5k | −$4.56 |
| NOI | $31.6k | $13.68 |
2,308 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$451.0K
$394.7K – $526.2K
NOI $31,573 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$474.1K
$414.8K – $553.1K
NOI $33,184 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Successful restaurant with drive-thru, equipment included, ready for new owners.
Where is this conventional restaurant located?
The property is located at 20804 Plymouth Rd Detroit, MI.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Turn‑key restaurant ready for new owners (Mary's Grill).; Includes all equipment: grill, fryers, stove top, oven, walk‑in cooler and refrigerator.; Convenient drive‑thru.
