Listing Agency: Arg Realty Show Phone

Listed By: Tarick Salmaci · License #6502368290 Show Phone

Source: Jabachler

Added: Jun 30 Changed: Oct 28 Last Checked: Oct 27 at 3:18AM

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Investment Insights

Based on property information with market context.

This newly built restaurant property includes equipment and dining furnishings, which are part of the sale. A billboard sign is also located on the property. The address is on West 8 Mile Road in Detroit, Michigan.

Key Highlights

• Restaurant equipment and tables are included in the sale
• Billboard sign located on the property
• Address on West 8 Mile Road in Detroit, Michigan

Property Analytics

Current Use

Culture Soul Restaurant Culture Soul A Southern ... Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Spa & Massage Center Dental Office

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

342

Businesses Nearby

2k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Sunoco Shops & Services

2,425 visits/mo 0.3 miles

Demographics for 48219, MI

46,811

Population

20,815

Households

2.2

Avg Household Size

37

Median Age

13%

College-Educated

87%

High-School Grad

8.4 sq mi

ZIP Area

5,573

Density / Sq Mi

$43,882

Median Household Income

$31,187

Median Earnings

$1,037

Median Rent

$84,500

Median Home Value

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019

9.2% 2020

8.5% 2021

7.3% 2022

7.9% 2023

7% 2024

7% 2025

Similar For Sale Nearby

See more

Equipped Restaurant Building

24737 W 8 Mile Road, Detroit, MI 48219

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Established Restaurant in Corktown Detroit

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Freestanding Restaurant Property

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Mixed-Use Property with Commercial Kitchen

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant furnishings and operating equipment are included with the property.

Where is this conventional restaurant located?

The property is located at 24737 W 8 Mile Detroit, MI.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Restaurant equipment and tables are included in the sale; Billboard sign located on the property; Address on West 8 Mile Road in Detroit, Michigan