Well-Established Breakfast & Lunch
For Sale
Contact for pricing
27281 Grand River Ave, Redford, MI 48240
Family-owned restaurant serving breakfast and lunch, with included FF&E and strong visibility on Grand River.
Property Size2,044 SF
Price / SF$220.16
Days on Market304
Property Features for 27281 Grand River Ave
General Information
Standard status
Active
Size
2,044 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Business Included
Yes
Listing Agency:
Keller Williams Living
(586) 443-1618
Listed By:
Brigs Lulaj · License #6501448878,MICHIGAN
(586) 443-1618
Source:
Moodyscre
Added: Oct 2, 2025
Changed: Jul 28
Last Checked: Jul 31 at 10:19AM
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 Keller Williams Living
Investment Insights
Based on property information with market context.
This well-established, family-owned restaurant has been in operation for over 50 years and serves a long-time following. The business is currently set up for breakfast and lunch, with an opportunity to incorporate dinner. The sale includes all FF&E needed to run the restaurant.
Located in Redford on Grand River, the property benefits from high traffic patterns that support strong visibility for a growing business.
Located in Redford on Grand River, the property benefits from high traffic patterns that support strong visibility for a growing business.
Key Highlights
- Well‑established, family‑owned restaurant for sale in Redford, owned for over 50 years
- Currently serving breakfast and lunch, with opportunity to incorporate dinner
- Location on Grand River with high‑traffic patterns
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 | $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 Uses
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 authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Wendy's
Dining
12,475 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,719 visits/mo
0.3 miles
Sunoco
Shops & Services
4,384 visits/mo
0.5 miles
BP
Shops & Services
3,479 visits/mo
0.5 miles
Demographics for 48240, MI
17,962
Population
7,328
Households
2.5
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
4,855
Density / Sq Mi
$57,970
Median Household Income
$37,694
Median Earnings
$1,326
Median Rent
$120,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hefty's Coney Island — 26080 Grand River Ave, Redford Charter Twp, MI 48240
- Canterbury Palace — 27281 Grand River Ave, Redford Charter Twp, MI 48240
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Family-owned restaurant serving breakfast and lunch, with included FF&E and strong visibility on Grand River.
Where is this breakfast & diner 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, family‑owned restaurant for sale in Redford, owned for over 50 years; Currently serving breakfast and lunch, with opportunity to incorporate dinner; Location on Grand River with high‑traffic patterns
