Dual-Concept Restaurant
For Sale
$2,100,000
45225 Marketplace Boulevard, Chesterfield, MI 48051
Fully built commercial kitchen and separate entrances support flexible restaurant operations.
Property Size7,317 SF
Days on Market136
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Property Features for 45225 Marketplace Boulevard
General Information
Standard status
Active
Size
7,317 SF
Property subtype
Retail
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Building Details
Building Size
7,317 SF
Year Built
2005
Listed By:
Matthew Berke
(248) 406-7111
Source:
Keystonecres
Added: Jun 2
Changed: Oct 15
Last Checked: Oct 14 at 8:30PM
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 Matthew Berke
Investment Insights
Based on property information with market context.
This restaurant property combines two distinct operating areas with separate entrances and a shared commercial kitchen. The layout includes a former brunch space and bar, creating a built-out hospitality configuration that can accommodate complementary concepts or a single operator. Furniture, fixtures, and equipment are included, along with a Class C liquor license.
The property is located at 45225 Marketplace Boulevard in Chesterfield, Michigan, within the Chesterfield Corners retail corridor. Frontage and visibility along Marketplace Boulevard support customer access, while on-site parking serves the facility. Nearby national co-tenancy includes Jax Kar Wash, Walmart, and Menards, with residential density surrounding the corridor. Built in 2005, the property is suited to restaurant operators, investors, or a sale-leaseback structure.
The property is located at 45225 Marketplace Boulevard in Chesterfield, Michigan, within the Chesterfield Corners retail corridor. Frontage and visibility along Marketplace Boulevard support customer access, while on-site parking serves the facility. Nearby national co-tenancy includes Jax Kar Wash, Walmart, and Menards, with residential density surrounding the corridor. Built in 2005, the property is suited to restaurant operators, investors, or a sale-leaseback structure.
Key Highlights
- Dual‑concept restaurant layout with separate entrances
- Shared fully built commercial kitchen
- Former brunch space and bar configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,890
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,917,800
$1.9M
Cap Rate 7%
$1,369,857
$1.4M
Cap Rate 9%
$1,065,444
$1.1M
Market Conditions
NOI Build-Up for 7,317 SF
Gross rent
$144.9K $19.80/SF
− Vacancy
−$17.0K −$2.33/SF
EGI
$127.9K $17.47/SF
− OpEx
−$32.0K −$4.37/SF
NOI
$95.9K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,917,800
Cap Rate 7%
$1,369,857
Cap Rate 9%
$1,065,444
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,890 @ 7.0% cap · market cap 4.57%
Second Best
Industrial
$563.6K
$493.2K – $657.6K
NOI $39,454 @ 7.0% cap · market cap 1.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
381k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Dining 35%
Home Improvements & Furnishings 14%
Shops & Services 13%
Walmart
Superstores
136,600 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
55,239 visits/mo
0.4 miles
McDonald's
Dining
25,243 visits/mo
0.4 miles
7-Eleven
Shops & Services
22,740 visits/mo
0.2 miles
Starbucks
Dining
21,764 visits/mo
0.1 miles
Demographics for 48051, MI
17,718
Population
7,255
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
1,248
Density / Sq Mi
$89,923
Median Household Income
$50,569
Median Earnings
$1,064
Median Rent
$247,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built commercial kitchen and separate entrances support flexible restaurant operations.
Where is this conventional restaurant located?
The property is located at 45225 Marketplace Boulevard Chesterfield, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Dual‑concept restaurant layout with separate entrances; Shared fully built commercial kitchen; Former brunch space and bar configuration
