Established Restaurant on Grand
27281 Grand River Ave, Redford, MI 48240
Well-established restaurant for sale with high visibility location.
Type:Retail
Property size:
2,044 SFPrice / SF:
$220/SF- Added:
- Oct 2, 2025
- Days on Market:
- 233
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 27281 Grand River Ave
General Information
- Standard status
- Active
- Size
- 2,044 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1959
Listing agent Brigs Lulaj License #MI 6501448878
Listing office KW Commercial
Listing date Oct 2, 2025
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 KW Commercial
HighLights
- Well‑established restaurant with a 50+ year family‑owned history and loyal customer base.
- High‑traffic location on Grand River provides excellent visibility.
- Includes all FF&E (furniture, fixtures, and equipment) necessary to operate the business.
- Opportunity to increase revenue by adding dinner service.
- Currently operating with breakfast and lunch service.
- Building built in 1959.
Overview
This is a well-established restaurant for sale located in Redford. The family-owned business has operated for over 50 years and has a long-time following. The restaurant currently serves breakfast and lunch, with the potential to incorporate dinner service. Situated on Grand River, the location benefits from high traffic patterns, offering visibility for business growth. The property size is 2044 square feet. The transaction includes all Furniture, Fixtures, and Equipment (FF&E) needed to run the business.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$299.7K
NOI $26,974 @ 9.00% cap · cautious / downside scenario
Moderate
$385.3K
NOI $26,974 @ 7.00% cap · market / base-case scenario
Aggressive
$539.5K
NOI $26,974 @ 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 | $38.0k | $18.60 |
| − Vacancy | −$2.1k | −$1.00 |
| EGI | $36.0k | $17.60 |
| − OpEx | −$9.0k | −$4.40 |
| NOI | $27.0k | $13.20 |
2,044 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$385.3K
$337.2K – $449.6K
NOI $26,974 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.9K
$394.6K – $526.1K
NOI $31,564 @ 7.0% cap · market cap 7.01%
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
- Redford
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3152262
- Latitude
- 42.4391969
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Well-established restaurant for sale with high visibility location.
Where is this conventional restaurant located?
The property is located at 27281 Grand River Ave Redford, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑established restaurant with a 50+ year family‑owned history and loyal customer base.; High‑traffic location on Grand River provides excellent visibility.; Includes all FF&E (furniture, fixtures, and equipment) necessary to operate the business.
