Updated Subway Restaurant
30979 Five Mile Road Unit SourceFi Livonia, MI 48154
30979 Five Mile Road Unit SourceFi, Livonia, MI, 48154
$194,800
For Sale
$194,800
Newly updated 2025 Subway space in a busy strip mall with a long-term lease in place.
Property Size1,200 SF
Price / SF$162.33
Days on Market140
Property Features for 30979 Five Mile Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
Century 21 Curran & Oberski
(313) 715-2020
Listed by
Bill Darwich · License #6501368264
(313) 715-2020
Source
Xome
Added: Mar 4 Updated: Jul 21 at 7:31AM Checked: Jul 21 at 7:31AM
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 Century 21 Curran & Oberski
Investment Insights
Based on property information with market context.
This for-sale opportunity includes a Subway restaurant business associated with an updated restaurant space. The premises were newly updated in 2025, with new Subway décor and some new equipment included. A long-term lease is in place, supporting an owner-operator or investor scenario.
The property is located in the Five Mile Rd/Merriman Rd area within a busy strip mall. The center includes other large retailers such as Kroger, Pearle Vision, and H&R Block.
As presented, the suite is turnkey from a presentation standpoint following the 2025 updates, and the lease provides ongoing occupancy under a long-term agreement.
The property is located in the Five Mile Rd/Merriman Rd area within a busy strip mall. The center includes other large retailers such as Kroger, Pearle Vision, and H&R Block.
As presented, the suite is turnkey from a presentation standpoint following the 2025 updates, and the lease provides ongoing occupancy under a long-term agreement.
Key Highlights
- Newly updated 2025 Subway space with new Subway décor
- Some new equipment included
- Long‑term lease in place for the Subway restaurant business
Local 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 | $21.6k | $18.00 |
| − Vacancy | −$864 | −$0.72 |
| EGI | $20.7k | $17.28 |
| − OpEx | −$5.2k | −$4.32 |
| NOI | $15.6k | $12.96 |
1,200 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$222.2K
$194.4K – $259.2K
NOI $15,552 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Subway
Take-out & Catering
Similar For Sale Nearby
Similar Off Market Nearby
- Golden Palace Buffet — 29583 Five Mile Rd, Livonia, MI 48154
FAQs
What type of property is this?
Conventional restaurant - Newly updated 2025 Subway space in a busy strip mall with a long-term lease in place.
Where is this conventional restaurant located?
The property is located at 30979 Five Mile Road Unit SourceFi Livonia, MI.
What is the asking price?
The asking price for this property is $194,800.
What are key features of this property?
This property features: Newly updated 2025 Subway space with new Subway décor; Some new equipment included; Long‑term lease in place for the Subway restaurant business
