Leased Restaurant
26200 W 12 Mile Rd Southfield, MI 48034
For Sale
$1,199,000
Restaurant building with a new roof (Fall 2024) and an extended five-year lease executed 9/1/25.
Property Size4,224 SF
Price / SF$283.85
Days on Market158
Property Features for 26200 W 12 Mile Rd
General Information
- Standard status
- Active
- Size
- 4,224 SF
- Property subtype
- Retail
Listing Agency:
Thomas A. Duke Company
(248) 476-3700
Listed By:
Andrew G Battersby · License #6501384188
Source:
Cpix.resimplifi
Added: Feb 18
Changed: Jul 23
Last Checked: Jul 26 at 3:08AM
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.
4,224 SF restaurant building for sale in Southfield, MI. The property features a brand new roof installed in Fall 2024 with a warranty.
The current tenant has a 35-year operating history, and a five (5) year lease extension was exercised on 9/1/25. Public remarks also indicate strong location attributes supported by high traffic counts.
For additional financial information, contact the broker.
The current tenant has a 35-year operating history, and a five (5) year lease extension was exercised on 9/1/25. Public remarks also indicate strong location attributes supported by high traffic counts.
For additional financial information, contact the broker.
Key Highlights
- 4,224 SF restaurant building for sale in Southfield, MI
- Brand new roof installed in Fall 2024 with warranty
- Five (5) year lease extension exercised on 9/1/25
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 | $91.2k | $21.60 |
| − Vacancy | −$6.2k | −$1.47 |
| EGI | $85.0k | $20.13 |
| − OpEx | −$21.3k | −$5.03 |
| NOI | $63.8k | $15.10 |
4,224 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$911.1K
$797.2K – $1.06M
NOI $63,776 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Restaurant building with a new roof (Fall 2024) and an extended five-year lease executed 9/1/25.
Where is this conventional restaurant located?
The property is located at 26200 W 12 Mile Rd Southfield, MI.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 4,224 SF restaurant building for sale in Southfield, MI; Brand new roof installed in Fall 2024 with warranty; Five (5) year lease extension exercised on 9/1/25
