Turnkey Takeout Restaurant
For Sale
$299,900
3964 W Jefferson Avenue, Ecorse, MI 48229
Standalone restaurant building built out for takeout with no dine-in area and included commercial kitchen equipment.
Property Size1,100 SF
Price / SF$272.64
Days on Market104
Property Features for 3964 W Jefferson Avenue
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Zoning
Commercial
Lease Term
Cash, Conventional
Additional Details
Business Included
Yes
Commercial Hood
Yes
Taxes and HOA fees
Annual Taxes
$4,311
Building Details
Building Size
1,100 SF
Year Built
1953
Stories
1
Listing Agency:
Keller Williams Legacy
(313) 770-1175
Listed By:
Mohamed Alshubi · License #6501439818
(313) 770-1175
Source:
Sabudarealty
Added: May 12
Changed: Aug 23
Last Checked: Aug 22 at 1:06PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This fully built-out, turnkey standalone restaurant space is currently operating as a fish and chicken restaurant and is designed primarily for takeout service, with no dine-in area. The layout is positioned for efficient, high-volume carryout operations, and the property has undergone more than $100,000 in recent improvements.
The sale includes an extensive lineup of commercial kitchen equipment, including fryers, coolers, prep areas, a commercial hood system, a stove, and a quality pizza oven. The building is approximately 1,100 square feet and is offered with major kitchen infrastructure already in place, supporting immediate operation for a qualified owner or operator.
Located at 3964 Jefferson Ave in Ecorse, this restaurant building provides a ready-to-use configuration for a range of fast-food, carry-out, or specialty food concepts.
The sale includes an extensive lineup of commercial kitchen equipment, including fryers, coolers, prep areas, a commercial hood system, a stove, and a quality pizza oven. The building is approximately 1,100 square feet and is offered with major kitchen infrastructure already in place, supporting immediate operation for a qualified owner or operator.
Located at 3964 Jefferson Ave in Ecorse, this restaurant building provides a ready-to-use configuration for a range of fast-food, carry-out, or specialty food concepts.
Key Highlights
- Approximately 1,100 SF standalone restaurant building built out for takeout, with no dine‑in area
- Fully equipped commercial kitchen included, including fryers, coolers, prep areas, and a commercial hood system
- Kitchen equipment also includes a stove and quality pizza oven
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,256
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,120
$285.1K
Cap Rate 7%
$203,657
$203.7K
Cap Rate 9%
$158,400
$158.4K
Market Conditions
NOI Build-Up for 1,100 SF
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.
Gross rent
$19.8K $18.00/SF
− Vacancy
−$792 −$0.72/SF
EGI
$19.0K $17.28/SF
− OpEx
−$4.8K −$4.32/SF
NOI
$14.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,120
Cap Rate 7%
$203,657
Cap Rate 9%
$158,400
Alternative Uses
Best Use
Specialty Retail
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 4.75%
Second Best
Industrial
$81.4K
$71.2K – $94.9K
NOI $5,695 @ 7.0% cap · market cap 1.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Electronics 5%
Marathon Petroleum
Shops & Services
5,176 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,008 visits/mo
0.3 miles
Sunoco
Shops & Services
3,545 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
695 visits/mo
0.3 miles
Demographics for 48229, MI
9,258
Population
4,156
Households
2.2
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
2.8 sq mi
ZIP Area
3,306
Density / Sq Mi
$45,148
Median Household Income
$33,815
Median Earnings
$879
Median Rent
$59,300
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 - Standalone restaurant building built out for takeout with no dine-in area and included commercial kitchen equipment.
Where is this conventional restaurant located?
The property is located at 3964 W Jefferson Avenue Ecorse, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Approximately 1,100 SF standalone restaurant building built out for takeout, with no dine‑in area; Fully equipped commercial kitchen included, including fryers, coolers, prep areas, and a commercial hood system; Kitchen equipment also includes a stove and quality pizza oven
