Drive-Through Restaurant with
For Sale
$300,000
2757 W Davison St, Detroit, MI 48238
Former Church's Chicken location with B2 zoning, a walk-in cooler, and a recently resurfaced parking lot.
Property Size1,095 SF
Price / SF$273.97
Days on Market51
Property Features for 2757 W Davison St
General Information
Standard status
Active
Size
1,095 SF
Total Parking Spaces
30
Property subtype
Retail
Zoning
B2
Additional Details
Drive-Thru
Yes
Building Details
Building Size
1,095 SF
Year Built
1977
Stories
1
Listing Agency:
Signature Associates - Southfield
Listed By:
Joe Stack
(248) 359-0615
Source:
Cpix.resimplifi
Added: Aug 17
Changed: Oct 6
Last Checked: Oct 5 at 3:18PM
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 Signature Associates - Southfield
Investment Insights
Based on property information with market context.
Located at 2757 W. Davison St in Detroit, Michigan, this drive-through restaurant property was built in 1977 and previously operated as a Church's Chicken location. The building includes a walk-in cooler and supports drive-through restaurant use.
The property is zoned B2, with a parking lot that was recently resurfaced. Its existing restaurant configuration and on-site improvements provide a defined starting point for continued food-service use.
The property is zoned B2, with a parking lot that was recently resurfaced. Its existing restaurant configuration and on-site improvements provide a defined starting point for continued food-service use.
Key Highlights
- Drive‑through restaurant property at 2757 W. Davison St, Detroit, MI 48238
- Previously operated as Church's Chicken
- B2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,450
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,000
$289.0K
Cap Rate 7%
$206,429
$206.4K
Cap Rate 9%
$160,556
$160.6K
Market Conditions
NOI Build-Up for 1,095 SF
Gross rent
$20.4K $18.60/SF
− Vacancy
−$1.1K −$1.00/SF
EGI
$19.3K $17.60/SF
− OpEx
−$4.8K −$4.40/SF
NOI
$14.5K $13.20/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,000
Cap Rate 7%
$206,429
Cap Rate 9%
$160,556
Alternative Uses
Best Use
Specialty Retail
$206.4K
$180.6K – $240.8K
NOI $14,450 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.6K
$211.4K – $281.8K
NOI $16,909 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Citgo
Shops & Services
9,679 visits/mo
0.5 miles
Buddy's Pizza
Dining
7,304 visits/mo
0.3 miles
BP
Shops & Services
4,993 visits/mo
0.5 miles
U-Haul
Shops & Services
2,957 visits/mo
0.4 miles
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former Church's Chicken location with B2 zoning, a walk-in cooler, and a recently resurfaced parking lot.
Where is this drive through restaurant located?
The property is located at 2757 W Davison St Detroit, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Drive‑through restaurant property at 2757 W. Davison St, Detroit, MI 48238; Previously operated as Church's Chicken; B2 zoning
