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    Turn Key Restaurant For Sale Title is generated by Realmo AI

    20804 Plymouth Rd, Detroit, MI 48228

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    Claim this Listing
    For Sale
    $420,000

    Successful restaurant with drive-thru, equipment included, ready for new owners.

    Type:Retail
    Property size:
    2,308 SF
    Price / SF:
    $181/SF
    Added:
    Sep 18, 2025
    Days on Market:
    269
    Last Refresh:
    Apr 3 at 6:02 am

    Property Features for 20804 Plymouth Rd

    General Information

    Standard status
    Active
    Size
    2,308 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1968

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    Listing Contact
    Joseph Van Esley
    Joseph Van Esley

    Listing agent Joseph Van Esley License #6501185636

    Listing office Van Esley Real Estate

    Listing date Sep 18, 2025

    Source Cpix.resimplifi

    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

    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.
    • Dining room seats 68.
    • Equipped with 11' of hoods in front and 5' in the back kitchen.
    • Land Contract terms available with large down payment.

    Overview

    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.

    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 $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 (±1% cap)
    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 (±1% cap)
    NOI $33,184 @ 7.0% cap · market cap 7.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Mary's Grill #1 Restaurant Plymouth Coney Island Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2451604
    Latitude
    42.3721299

    FAQs

    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.
    More about this property
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