Equipped Restaurant
For Sale
$280,000
3337 Greenfield, Dearborn, MI 48120
Established operation with dining, buffet, bar, and kitchen areas available for a new or continuing concept.
Property Size4,000 SF
Price / SF$70
Days on Market51
Property Features for 3337 Greenfield
General Information
Standard status
Active
Size
4,000 SF
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1976
Listing Agency:
LPT Realty, LLC
Listed By:
Shannon Bagdonas · License #6501424248
(313) 766-8387
Source:
Katie-k
Added: Aug 25
Changed: Oct 8
Last Checked: Oct 7 at 5:43PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
Restaurant business sale at 3337 Greenfield Road in Dearborn, with approximately 4,000 square feet of interior space arranged for dining, service, and food preparation. The premises include a buffet area, bar, multiple dining areas, and a rear room that supports private events, celebrations, entertainment, or additional seating. The current operation serves Indian cuisine, while the business may accommodate a different concept subject to lease terms, landlord approval, licensing, and governmental requirements.
Included in the sale are restaurant furnishings, dishes, bar fixtures, and kitchen equipment. The property is positioned among residential neighborhoods, offices, and businesses with access to major roadways. This is a business-only sale; the real estate is not included.
Included in the sale are restaurant furnishings, dishes, bar fixtures, and kitchen equipment. The property is positioned among residential neighborhoods, offices, and businesses with access to major roadways. This is a business-only sale; the real estate is not included.
Key Highlights
- Approximately 4,000 square feet of restaurant interior space
- Buffet area, bar area, multiple dining spaces, and rear event area
- Restaurant furnishings, dishes, bar fixtures, and kitchen equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,473
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,460
$469.5K
Cap Rate 7%
$335,329
$335.3K
Cap Rate 9%
$260,811
$260.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$35.0K $8.76/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$33.5K $8.38/SF
− OpEx
−$10.1K −$2.51/SF
NOI
$23.5K $5.87/SF
Area
Dearborn, MI
Vacancy
4.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,460
Cap Rate 7%
$335,329
Cap Rate 9%
$260,811
Alternative Uses
Best Use
Specialty Retail
$781.7K
$684.0K – $912.0K
NOI $54,720 @ 7.0% cap · market cap 19.54%
Second Best
Industrial
$335.3K
$293.4K – $391.2K
NOI $23,473 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$882.4K
$772.1K – $1.03M
NOI $61,769 @ 7.0% cap · market cap 22.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
7-Eleven
Shops & Services
15,304 visits/mo
0.1 miles
The UPS Store
Shops & Services
14,386 visits/mo
0.1 miles
Tim Hortons
Dining
8,828 visits/mo
0.3 miles
Wendy's
Dining
8,807 visits/mo
0.3 miles
Mobil
Shops & Services
6,975 visits/mo
0.1 miles
Demographics for 48120, MI
8,338
Population
2,910
Households
2.9
Avg Household Size
29
Median Age
37%
College-Educated
76%
High-School Grad
4.7 sq mi
ZIP Area
1,774
Density / Sq Mi
$66,667
Median Household Income
$48,170
Median Earnings
$1,407
Median Rent
$236,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established operation with dining, buffet, bar, and kitchen areas available for a new or continuing concept.
Where is this conventional restaurant located?
The property is located at 3337 Greenfield Dearborn, MI.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Approximately 4,000 square feet of restaurant interior space; Buffet area, bar area, multiple dining spaces, and rear event area; Restaurant furnishings, dishes, bar fixtures, and kitchen equipment included
