Listing Agency: Century 21 Signature Realty · Century 21 Real Estate j***@c21signaturerealty.com Show Phone

Listed By: Ken Kujawa · License #6502333762 Show Phone

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 17 at 7:06AM

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MLS# 50225030

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Investment Insights

Based on property information with market context.

The 3,420-square-foot restaurant occupies a 1.8-acre parcel in Clio. Service areas support dine-in and carry-out, with a full bar, banquet room, outdoor patio, and drive-through. The sale includes restaurant equipment such as a rotating pizza oven, flat-top grill, deep fryers, convection oven, stove/oven, dough machine, walk-in cooler, freezer, and beer cooler. A POS system, credit card processing system, security system, and liquor license are also included.

Site features include a parking lot, public water, and an accessible approach with a ramp. Heating is by forced air.

Key Highlights

• 3,420‑square‑foot restaurant on 1.8 acres
• Drive‑through, dine‑in, and carry‑out service
• Full bar, banquet room, and outdoor patio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,324

Cap Rate

6.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$606,480 $606.5K

Cap Rate 7%

$433,200 $433.2K

Cap Rate 9%

$336,933 $336.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,420 SF

Gross rent

$49.2K $14.40/SF

− Vacancy

−$8.8K −$2.58/SF

EGI

$40.4K $11.82/SF

− OpEx

−$10.1K −$2.96/SF

NOI

$30.3K $8.87/SF

Area

Genesee County, MI

Vacancy

17.90%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$606,480

Cap Rate 7%

$433,200

Cap Rate 9%

$336,933

Alternative Uses

Best Use

Specialty Retail

$433.2K

$379.1K – $505.4K (±1% cap)

NOI $30,324 @ 7.0% cap · market cap 6.38%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$719.7K

$629.7K – $839.6K (±1% cap)

NOI $50,376 @ 7.0% cap · market cap 10.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Building Supply HVAC Service

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

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

164

Businesses Nearby

199k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 74% Shops & Services 13% Home Improvements & Furnishings 9% Apparel 4%

McDonald's Dining

41,593 visits/mo 0.2 miles

Taco Bell Dining

20,175 visits/mo 0.3 miles

Tractor Supply Co. Home Improvements & Furnishings

17,548 visits/mo 0.3 miles

Burger King Dining

17,505 visits/mo 0.2 miles

Wendy's Dining

15,724 visits/mo 0.1 miles

Demographics for 48420, MI

21,771

Population

9,136

Households

2.4

Avg Household Size

45

Median Age

18%

College-Educated

91%

High-School Grad

66.4 sq mi

ZIP Area

328

Density / Sq Mi

$63,427

Median Household Income

$40,420

Median Earnings

$797

Median Rent

$177,800

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Dine-in and carry-out operation includes a bar, banquet room, patio, and restaurant equipment.

Where is this conventional restaurant located?

The property is located at 4195 W Vienna Street Clio, MI.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: 3,420‑square‑foot restaurant on 1.8 acres; Drive‑through, dine‑in, and carry‑out service; Full bar, banquet room, and outdoor patio