4120 2nd Avenue Detroit, MI 48201

Building Details

Year Built

1950

Listing agency SRS Real Estate Partners Newport Beach m***@srsre.com Show Phone

Listed by Michael Carter · License #6501369793 Show Phone

Source Srsre

Added: May 25 Updated: Jul 21 at 5:41AM Checked: Jul 21 at 5:41AM

Report an Issue

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 SRS Real Estate Partners Newport Beach

---

Investment Insights

Based on property information with market context.

SRS Capital Markets is pleased to offer the fee simple interest (land and building ownership) in a freestanding NNN restaurant investment property in Detroit, Michigan.

The property is currently occupied by Mad Nice, which has over 7 years remaining on its initial lease term, along with four (5-year) options to extend.

Operations are handled by Heirloom Hospitality, a Detroit-based restaurant and hospitality group. The group’s portfolio includes Townhouse Detroit, Townhouse Birmingham, and Prime + Proper, a steakhouse concept, with additional expansion to Nashville noted in the offering materials.

Key Highlights

• NNN freestanding restaurant investment property with fee simple land & building ownership
• Tenant Mad Nice has over 7 years remaining on its initial lease term
• Lease includes 4 (5‑year) extension options

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $344,900

  4,468 SF

  Turnkey Auto Repair Shop

  Turnkey automotive service center with multiple roll-up doors, hydraulic lifts, and a fenced yard for repair and storage operations.

  13118 Gratiot Avenue, Detroit, MI 48205

  View Details
• 

  $699,999

  5,394 SF

  Retail Building with Gated Parking

  Retail building on a multi-parcel site with a large gated parking lot and recently updated roof and HVAC.

  22140 W 7 Mile Road, Detroit, MI 48219

  View Details
• 

  $549,000

  9,086 SF

  Retail Buildings with Income Opportunity

  Two retail buildings offer an owner-user option plus an income stream from a leased Metro PCS location.

  15000-15040 W Seven Mile Rd, Detroit, MI 48235

  View Details
• 

  $562,500

  2,700 SF

  Former Bar with Michigan Avenue Frontage

  Former 2,700-square-foot bar on a 9,017-square-foot site with prominent Michigan Avenue frontage in Corktown.

  2334 Michigan Ave, Detroit, MI

  View Details
• 

  $695,000

  9,400 SF

  Flexible Retail Showroom Facility

  Large showroom and workshop space with skylights and two overhead drive-in doors for convenient loading and flexible operations.

  21616 Grand River Ave, Detroit, MI 48219

  View Details
• 

  $500,000

  8,320 SF

  Flex Medical Office Conversion Building

  Vacant 8,320 sq ft building with existing dental equipment and layout features on a 10,454 sq ft lot.

  3240 Puritan, Detroit, MI 48238

  View Details
• 

  $1,565,000

  9,476 SF

  Freestanding Net-Leased Retail Building

  Freestanding single-tenant retail property built in 2012 and currently leased on a triple-net basis through September 2027.

  22200 Grand River Ave, Detroit, MI 48219

  View Details
• 

  $2,526,000

  21,674 SF

  Six-Story Historic Office Building

  Historic six-story office building with an open floor plan and high ceilings, offering nearly one acre of land.

  2411 14th Street, Detroit, MI 48216

  View Details
• 

  $975,000

  2,100 SF

  Rail-Served Heavy Industrial Yard

  Rail-served heavy industrial site with a fully fenced, gated yard for logistics and equipment storage.

  175 S Campbell Street, Detroit, MI 48209

  View Details
• 

  $1,750,000

  22,000 SF

  Creative Mixed-Use Venue Building

  Renovated 1942 building with open event space, café/bar infrastructure, private offices, and an outdoor courtyard.

  2905 Beaufait St, Detroit, MI

  View Details
• 

  $2,000,000

  16,567 SF

  Downtown Office Building with Freeway Frontage

  Prominent downtown office building with Chrysler Freeway frontage, suited for office use or development.

  965 E Jefferson Ave, Detroit, MI 48207

  View Details
• 

  $239,900

  8,000 SF

  Turnkey Dry Cleaning Facility

  For sale turnkey dry-cleaning operation with approximately 8,000+ square feet of commercial space on a small lot.

  2854 E 7 Mile Road, Detroit, MI 48234

  View Details

FAQs

What type of property is this?

NNN property - Fee simple sale of a freestanding, NNN restaurant investment with a tenant in place under a long-term lease.

Where is this nnn property located?

The property is located at 4120 2nd Avenue Detroit, MI.

What is the asking price?

The asking price for this property is $2,571,000.

What are key features of this property?

This property features: NNN freestanding restaurant investment property with fee simple land & building ownership; Tenant Mad Nice has over 7 years remaining on its initial lease term; Lease includes 4 (5‑year) extension options