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Leo’s Coney Island Restaurant Business
For Sale
$319,900

28501 Hoover Road, Warren, MI 48093

Business-only sale of an established restaurant serving American and Greek cuisine, with a returning customer base.

Property SizeContact for details
Days on Market10

Property Features for 28501 Hoover Road

General Information

Standard status Active
Property subtype Business Opportunity

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $15,829
Listing Agency: RE/MAX Innovation
Listed By: Farhan Pervez · License #6501459836
Source: Exprealty
Added: Oct 21 Changed: Oct 25 Last Checked: Oct 28 at 1:22PM

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 RE/MAX Innovation

Rey
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Investment Insights

Based on property information with market context.

This business-only offering is an established Leo’s Coney Island restaurant with an American and Greek menu. The operation has a loyal customer base, and the restaurant occupies a well-maintained building described as being in great condition and ready for continued restaurant use.

The site is on Hoover Road in Warren, between 12 Mile and 13 Mile, with access from I-696 and nearby major roads. The property information also describes the Hoover Road location as having strong traffic and local demand.

Key Highlights

  • Business‑only sale of an established Leo’s Coney Island restaurant
  • American and Greek menu with a loyal customer base
  • Hoover Road location between 12 Mile and 13 Mile in Warren

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Leo's Coney Island Restaurant

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Parking Lot & Garage Law Firm HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

916
Businesses Nearby
63k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 59% Dining 39% Electronics 2%
Shell Shops & Services
9,651 visits/mo 0.3 miles
BP Shops & Services
9,322 visits/mo 0.3 miles
Dollar General Shops & Services
9,291 visits/mo 0.3 miles
Big Boy Dining
9,027 visits/mo 0.3 miles
Huntington Bank Shops & Services
7,483 visits/mo 0.5 miles

Demographics for 48093, MI

24,780
Population
10,480
Households
2.4
Avg Household Size
43
Median Age
26%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,200
Density / Sq Mi
$66,420
Median Household Income
$42,685
Median Earnings
$1,123
Median Rent
$197,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Business-only sale of an established restaurant serving American and Greek cuisine, with a returning customer base.
Where is this conventional restaurant located?
The property is located at 28501 Hoover Road Warren, MI.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Business‑only sale of an established Leo’s Coney Island restaurant; American and Greek menu with a loyal customer base; Hoover Road location between 12 Mile and 13 Mile in Warren
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