Restaurant Opportunity Near Huron
22401 Huron River Dr, Rockwood, MI 48173
Existing restaurant with liquor license on 1.31 acres.
Type:Retail
Property size:
5,262 SFLot size:
1.31 AcresPrice / SF:
$189/SF- Added:
- Feb 5, 2026
- Days on Market:
- 101
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 22401 Huron River Dr
General Information
- Standard status
- Active
- Size
- 5,262 SF
- Lot size
- 1.31 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1933
Listing agent Michael Rose License #MI 6501308575
Listing office Burger & Company (248) 536-2888
Listing date Feb 5, 2026
Source Crexi
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 Burger & Company
HighLights
- Turnkey restaurant opportunity with existing restaurant, furniture, fixtures, equipment, and liquor license included.
- 1.31 acres of commercial land with Huron River access.
- Corner lot location with access to I‑75.
- Two boat launches within 1 mile of the Huron River.
- Built in 1933, offering historical charm.
- Existing restaurant provides a ready‑made business.
Overview
This commercial property features an existing restaurant on a 1.31-acre corner lot with access to the Huron River. The sale includes all furniture, fixtures, equipment, and a liquor license. Built in 1906, the property offers a piece of local history. It provides convenient access to I-75. The property is located within one mile of two boat launches on the Huron River. The building size is 5,262 square feet.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$757.7K
NOI $68,196 @ 9.00% cap · cautious / downside scenario
Moderate
$974.2K
NOI $68,196 @ 7.00% cap · market / base-case scenario
Aggressive
$1.36M
NOI $68,196 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.7k | $18.00 |
| − Vacancy | −$3.8k | −$0.72 |
| EGI | $90.9k | $17.28 |
| − OpEx | −$22.7k | −$4.32 |
| NOI | $68.2k | $12.96 |
5,262 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$974.2K
$852.5K – $1.14M
NOI $68,196 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Rockwood
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2169
- Latitude
- 42.0725
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Existing restaurant with liquor license on 1.31 acres.
Where is this conventional restaurant located?
The property is located at 22401 Huron River Dr Rockwood, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity with existing restaurant, furniture, fixtures, equipment, and liquor license included.; 1.31 acres of commercial land with Huron River access.; Corner lot location with access to I‑75.
