Operating Restaurant on Large
36217 Southbound Gratiot Ave Clinton Twp, MI 48035
36217 Southbound Gratiot Ave, Clinton Twp, MI, 48035
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For Sale
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Operating restaurant for sale on a large 82,000+ sqft lot.
Property Size12,000 SF
Lot Size82.00 Acres
Price / SF$149.17
Days on Market1515
Property Features for 36217 Southbound Gratiot Ave
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 82.00 Acres
- Property subtype
- Mixed Use, Retail, Special Purpose
Building Details
- Year Built
- 1976
Listing Agency
Golden Key Group
Listed by
REVAN HERFY · License #6501405707
Source
Crexi
Added: May 25, 2022 Checked: Jul 17 at 12:39 pm
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 Golden Key Group
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire an operating restaurant business along with the real estate. The property features a lot exceeding 82,000 square feet, accommodating over 400 guests. It includes a fully operational restaurant with an independent kitchen. The building size is 12,000 square feet. The property is suitable for conventional restaurants, retail space, and other commercial real estate ventures.
Key Highlights
- Over 82,000 sq ft lot suitable for hosting over 400 guests
- Includes a fully operational restaurant
- Features an independent kitchen
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 | $237.6k | $19.80 |
| − Vacancy | −$27.9k | −$2.33 |
| EGI | $209.7k | $17.47 |
| − OpEx | −$52.4k | −$4.37 |
| NOI | $157.3k | $13.11 |
12,000 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.25M
$1.97M – $2.62M
NOI $157,262 @ 7.0% cap · market cap 8.79%
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
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Operating restaurant for sale on a large 82,000+ sqft lot.
Where is this conventional restaurant located?
The property is located at 36217 Southbound Gratiot Ave Clinton Twp, MI.
What is the asking price?
The asking price for this property is $1,789,999.
What are key features of this property?
This property features: Over 82,000 sq ft lot suitable for hosting over 400 guests; Includes a fully operational restaurant; Features an independent kitchen
