Restaurant
For Sale
Contact for pricing
3043 Dort Hwy, Flint, MI 48529
The existing restaurant building was constructed in 1980 and is available for a new concept.
Property Size2,000 SF
Price / SF$100
Days on Market186
Property Features for 3043 Dort Hwy
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Property Condition
Severity
Repairs Needed
Evidence
on rough shape
Building Details
Year Built
1980
Listing Agency:
Transwestern Detroit
Listed By:
Charles Howard · License #MI 6506044836
(248) 440-1447
Source:
Crexi
Added: Apr 15
Changed: Oct 14
Last Checked: Oct 16 at 5:38AM
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 Transwestern Detroit
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot restaurant property at 3043 Dort Hwy in Flint, Michigan, was built in 1980. The building formerly operated as Church’s Chicken and is described as being in rough condition, making its current physical state an important consideration for a new operator.
The property is offered for sale as a conventional restaurant asset. Its existing restaurant configuration provides a starting point for reuse, subject to the buyer’s plans and any needed improvements.
The property is offered for sale as a conventional restaurant asset. Its existing restaurant configuration provides a starting point for reuse, subject to the buyer’s plans and any needed improvements.
Key Highlights
- 2,000‑square‑foot restaurant building
- Constructed in 1980
- Former Church’s Chicken location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,734
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,680
$354.7K
Cap Rate 7%
$253,343
$253.3K
Cap Rate 9%
$197,044
$197.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$28.8K $14.40/SF
− Vacancy
−$5.2K −$2.58/SF
EGI
$23.6K $11.82/SF
− OpEx
−$5.9K −$2.96/SF
NOI
$17.7K $8.87/SF
Area
Genesee County, MI
Vacancy
17.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,680
Cap Rate 7%
$253,343
Cap Rate 9%
$197,044
Alternative Uses
Best Use
Specialty Retail
$253.3K
$221.7K – $295.6K
NOI $17,734 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48529, MI
9,560
Population
4,430
Households
2.2
Avg Household Size
37
Median Age
8%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
1,992
Density / Sq Mi
$38,021
Median Household Income
$24,189
Median Earnings
$1,003
Median Rent
$74,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing restaurant building was constructed in 1980 and is available for a new concept.
Where is this conventional restaurant located?
The property is located at 3043 Dort Hwy Flint, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,000‑square‑foot restaurant building; Constructed in 1980; Former Church’s Chicken location
