Restaurant with Equipped
New
For Sale
$885,000
3233 Biddle Ave, Wyandotte, MI 48192
The dining room accommodates groups, with customer parking on Biddle Avenue and additional spaces behind the building.
Property Size3,300 SF
Days on Market1
Property Features for 3233 Biddle Ave
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Restaurant
Seating Capacity
100
Commercial Hood
Yes
Taxes and HOA fees
Annual Taxes
$3,643
Building Details
Building Size
3,300 SF
Year Built
1921
Listing Agency:
Real Estate One-Southgate
Listed By:
Sheri Fricke · License #6501224528
(734) 284-5400
Source:
Elliman
Added: Oct 19
Last Checked: Oct 19 at 2:05PM
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 Real Estate One-Southgate
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Investment Insights
Based on property information with market context.
This restaurant property, built in 1921, includes dining space for up to 100 people and a fully equipped kitchen. Kitchen features include ranges, ovens, grills, hot-line equipment, cold and dry storage, ventilation hoods, sauté and fry stations, a garde manger area, and an expo station. A separate dishwashing and sanitation area, management and staff office, safe, and storage areas are also in place. A liquor license is available separately.
Customer parking is available on Biddle Avenue, with additional off-street parking at the rear. The property is directly across from City Hall and at a four-way traffic signal. Wyandotte hosts large events during the year, including the Wyandotte Street Art Fair and waterfront events. The reported walk score is 79 and bike score is 55.
Customer parking is available on Biddle Avenue, with additional off-street parking at the rear. The property is directly across from City Hall and at a four-way traffic signal. Wyandotte hosts large events during the year, including the Wyandotte Street Art Fair and waterfront events. The reported walk score is 79 and bike score is 55.
Key Highlights
- Restaurant seats up to 100 people
- Kitchen includes ranges, ovens, grills, ventilation hoods, and cold and dry storage
- Separate dishwashing and sanitation area, plus management and staff office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,768
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,360
$855.4K
Cap Rate 7%
$610,971
$611.0K
Cap Rate 9%
$475,200
$475.2K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$59.4K $18.00/SF
− Vacancy
−$2.4K −$0.72/SF
EGI
$57.0K $17.28/SF
− OpEx
−$14.3K −$4.32/SF
NOI
$42.8K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,360
Cap Rate 7%
$610,971
Cap Rate 9%
$475,200
Alternative Uses
Best Use
Specialty Retail
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 47%
Apparel 1%
McDonald's
Dining
17,974 visits/mo
0.2 miles
Tim Hortons
Dining
9,419 visits/mo
0.3 miles
The UPS Store
Shops & Services
8,237 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,799 visits/mo
0.3 miles
Dollar Tree
Shops & Services
7,694 visits/mo
0.0 miles
Demographics for 48192, MI
25,058
Population
11,441
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
4,728
Density / Sq Mi
$67,846
Median Household Income
$42,999
Median Earnings
$995
Median Rent
$159,700
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The dining room accommodates groups, with customer parking on Biddle Avenue and additional spaces behind the building.
Where is this conventional restaurant located?
The property is located at 3233 Biddle Ave Wyandotte, MI.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Restaurant seats up to 100 people; Kitchen includes ranges, ovens, grills, ventilation hoods, and cold and dry storage; Separate dishwashing and sanitation area, plus management and staff office
