Building Details

Year Built 1933

Tenancy Single

Listing Agency: Burger & Company

Listed By: Michael Rose · License #MI 6501308575 Show Phone

Source: Crexi

Added: Feb 5 Changed: Oct 2 Last Checked: Oct 5 at 3:55PM

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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

Investment Insights

Based on property information with market context.

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.

Key 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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,196

Cap Rate

6.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,363,920 $1.4M

Cap Rate 7%

$974,229 $974.2K

Cap Rate 9%

$757,733 $757.7K

Market Conditions

NOI Build-Up for 5,262 SF

Gross rent

$94.7K $18.00/SF

− Vacancy

−$3.8K −$0.72/SF

EGI

$90.9K $17.28/SF

− OpEx

−$22.7K −$4.32/SF

NOI

$68.2K $12.96/SF

Area

Wayne County, MI

Vacancy

4.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,363,920

Cap Rate 7%

$974,229

Cap Rate 9%

$757,733

Alternative Uses

Best Use

Specialty Retail

$974.2K

$852.5K – $1.14M (±1% cap)

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 authorities.

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Restaurant Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

71

Businesses Nearby

6k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

A&W Restaurant Dining

6,116 visits/mo 0.3 miles

Demographics for 48173, MI

13,443

Population

5,391

Households

2.5

Avg Household Size

42

Median Age

24%

College-Educated

94%

High-School Grad

11.9 sq mi

ZIP Area

1,130

Density / Sq Mi

$90,510

Median Household Income

$55,163

Median Earnings

$1,130

Median Rent

$232,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

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.