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Established Middle Eastern Restaurant Opportunity
For Sale
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41490 Grand River Ave, Novi, MI 48375

Thriving Middle Eastern restaurant for sale in Novi, Michigan.

Property SizeContact for details
Days on Market821

Property Features for 41490 Grand River Ave

General Information

Standard status Active
Class A
Total Parking Spaces 10
Property subtype Business for Sale
Lease Type Gross
Investment Type Owner/User

Building Details

Year Renovated 2024
Buildings 1
Stories 1
Tenancy Single
Listing Agency: Empire Realty Group
Listed By: Hassan T. Zein · License #MI6501339567
Source: Crexi
Added: May 24, 2024 Changed: Aug 21 Last Checked: Jul 19 at 8:45AM

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 Empire Realty Group

Investment Insights

Based on property information with market context.

A Middle Eastern restaurant business opportunity is available in a high-traffic area of Novi, Michigan. The restaurant has been operating for 10 years and features a fully equipped kitchen and a dining area. It is located in a new construction plaza and has a loyal customer base.

Key Highlights

  • Established Middle Eastern restaurant with a 10‑year operating history.
  • Located in a high‑traffic area within Novi's new construction plaza, offering excellent visibility and accessibility.
  • Turnkey operation with a fully equipped kitchen and stylish dining area.**

Property Analytics

Current Use

Gold Buy & Jewelry ... Discount Store Joe's Coffee & Tea ... Cafe & Coffee Shop Dairy Queen East ... Grocery & Convenience Store La Vie Mediterranean ... Restaurant Pawn Shop (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Barber Shop (Bike/Boat/Book/etc) Store Plumbing Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

835
Businesses Nearby
Under-served
Demand for This Use

Demographics for 48375, MI

23,237
Population
10,223
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,766
Density / Sq Mi
$112,978
Median Household Income
$70,326
Median Earnings
$1,880
Median Rent
$348,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Thriving Middle Eastern restaurant for sale in Novi, Michigan.
Where is this conventional restaurant located?
The property is located at 41490 Grand River Ave Novi, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Established Middle Eastern restaurant with a 10‑year operating history.; Located in a high‑traffic area within Novi's new construction plaza, offering **excellent visibility and accessibility**.; Turnkey operation with a fully equipped kitchen and stylish dining area.**
(313) 846-0960 Call to check price and availability
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