Operating Restaurant with
For Sale
$1,399,000
23810 Woodward Ave, Pleasant Ridge, MI 48069
Operating restaurant for sale with included MIFF&E, on-site parking, and an adjacent city lot.
Property Size3,452 SF
Price / SF$405.27
Days on Market164
Property Features for 23810 Woodward Ave
General Information
Standard status
Active
Size
3,452 SF
Property subtype
Retail
Additional Details
Furnished
Yes
Business Included
Yes
Listing Agency:
Thomas A. Duke Company
(248) 476-3700
Listed By:
Andrew G Battersby · License #6501384188
Source:
Cpix.resimplifi
Added: Feb 18
Changed: Jul 21
Last Checked: Jul 31 at 3:05AM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This for-sale restaurant property includes 3,452 SF of operating restaurant space, with MIFF&E included in the sale. The business is currently operating, providing an established setup for a buyer taking over the premises.
The property is located at 23810 Woodward Ave in Pleasant Ridge, MI, with on-site parking plus a city lot adjacent to the site. Public remarks also reference heavy traffic counts in the area.
The sale offers an all-in package approach for an incoming operator, combining a functioning restaurant with included furnishings, fixtures, and equipment and parking to support day-to-day access for patrons and staff.
The property is located at 23810 Woodward Ave in Pleasant Ridge, MI, with on-site parking plus a city lot adjacent to the site. Public remarks also reference heavy traffic counts in the area.
The sale offers an all-in package approach for an incoming operator, combining a functioning restaurant with included furnishings, fixtures, and equipment and parking to support day-to-day access for patrons and staff.
Key Highlights
- 3,452 SF restaurant for sale in Pleasant Ridge, MI
- Operating restaurant with MIFF&E included in the sale
- On‑site parking included
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 | $74.6k | $21.60 |
| − Vacancy | −$5.1k | −$1.47 |
| EGI | $69.5k | $20.13 |
| − OpEx | −$17.4k | −$5.03 |
| NOI | $52.1k | $15.10 |
3,452 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$744.6K
$651.5K – $868.7K
NOI $52,120 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 41%
Beauty & Spa 4%
Electronics 3%
Pizza Hut
Dining
13,458 visits/mo
0.4 miles
Jimmy John's
Dining
9,851 visits/mo
0.4 miles
Sunoco
Shops & Services
9,727 visits/mo
0.1 miles
The UPS Store
Shops & Services
5,874 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
4,566 visits/mo
0.4 miles
Demographics for 48069, MI
2,627
Population
1,201
Households
2.2
Avg Household Size
45
Median Age
80%
College-Educated
99%
High-School Grad
0.6 sq mi
ZIP Area
4,378
Density / Sq Mi
$161,058
Median Household Income
$96,679
Median Earnings
$1,795
Median Rent
$435,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant for sale with included MIFF&E, on-site parking, and an adjacent city lot.
Where is this conventional restaurant located?
The property is located at 23810 Woodward Ave Pleasant Ridge, MI.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3,452 SF restaurant for sale in Pleasant Ridge, MI; Operating restaurant with MIFF&E included in the sale; On‑site parking included
