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Freestanding Restaurant with Parking
New
For Sale
$500,000

4939 Allen Rd, Allen Park, MI 48101

A 2022 renovation, C4 zoning, and multiple curb cuts support continued restaurant use.

Property Size5,229 SF
Price / SF$95.62
Days on Market3

Property Features for 4939 Allen Rd

General Information

Standard status Active
Size 5,229 SF
Total Parking Spaces 54
Property subtype Retail
Zoning C4
Occupancy 100%

Site & Location

Pylon Signage Yes
Road Access Yes

Building Details

Building Size 5,229 SF
Year Built 1951
Year Renovated 2022
Buildings 1
Listing Agency: NAI Farbman - Corporate
Listed By: Wendy Acho · License #6501411463
Source: Naiglobal
Added: Oct 20 Changed: Oct 21 Last Checked: Oct 21 at 2:26PM

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 NAI Farbman - Corporate

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Investment Insights

Based on property information with market context.

This freestanding restaurant property contains a 5,229-square-foot building, originally constructed in 1951 and substantially renovated in 2022. The property is 100% occupied and includes 54 surface parking spaces, monument and wall signage, and multiple curb cuts. C4 zoning supports restaurant use.

The site has frontage on Allen Road, Keppen Avenue, and Russell Avenue in Allen Park, Michigan.

Key Highlights

  • 5,229‑square‑foot freestanding restaurant building
  • Substantial renovation completed in 2022; originally built in 1951
  • 100% occupancy

Property Analytics

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Current Use

El Jalapeño Mexican ... Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Parking Lot & Garage Hair Salon

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

100%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

386
Businesses Nearby
Under-served
Demand for This Use

Demographics for 48101, MI

28,664
Population
12,413
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
4,095
Density / Sq Mi
$80,045
Median Household Income
$51,658
Median Earnings
$1,181
Median Rent
$174,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A 2022 renovation, C4 zoning, and multiple curb cuts support continued restaurant use.
Where is this conventional restaurant located?
The property is located at 4939 Allen Rd Allen Park, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5,229‑square‑foot freestanding restaurant building; Substantial renovation completed in 2022; originally built in 1951; 100% occupancy
More about this property
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