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    Established Restaurant on Grand River Title is generated by Realmo AI

    27281 Grand River Ave, Redford, MI 48240

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    For Sale
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    Well-established restaurant for sale with high visibility location.

    Type:Retail
    Property size:
    2,044 SF
    Price / 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

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    Listing Contact
    Brigs Lulaj
    Brigs Lulaj

    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 (±1% cap)
    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 (±1% cap)
    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redford
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3152262
    Latitude
    42.4391969

    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.
    More about this property
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