Restaurant Building with
For Sale
$965,000
50285 Mound Road, Shelby, MI 48317
COM/IND/BUS OPP, Shelby, MI
Property Size4,043 SF
Lot Size1.59 Acres
Price / SF$238.68
Days on Market204
Property Features for 50285 Mound Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Main Street
Subdivision
Shelby Twp (50007)
Standard status
Active
APN
23-07-20-278-026
Size
4,043 SF
Lot size
1.59 Acres
Taxes and HOA fees
Tax Annual Amount
12946
Utilities
Heating system
Forced Air
Water source
Public
Amenities
Tiki Bar
Building Details
Year built
1976
Roof type
Flat
Listing Agency:
RE/MAX Advisors · RE/MAX International
(586) 725-1900
Listed By:
Maria McGuire
(586) 996-4059
Added: Apr 3
Changed: Oct 8
Last Checked: Oct 23 at 8:06AM
MLS# 50203249
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 4,043-square-foot restaurant building occupies 1.59 acres and was constructed in 1976. Its configuration includes a dining area, kitchen, outdoor patio, and Tiki Bar, along with a fire suppression system and supporting infrastructure for restaurant operations. The property also includes a flat roof, forced-air heating, and a public water source.
Located along Mound Road in Shelby, the site provides on-site parking and additional land area. The existing restaurant business is also available, allowing the real estate and operating business to be considered together or separately. The building’s restaurant layout may also support other commercial uses described in the property information, including retail or office use.
Located along Mound Road in Shelby, the site provides on-site parking and additional land area. The existing restaurant business is also available, allowing the real estate and operating business to be considered together or separately. The building’s restaurant layout may also support other commercial uses described in the property information, including retail or office use.
Key Highlights
- 4,043‑square‑foot restaurant building on 1.59 acres
- Restaurant layout includes dining area, kitchen, outdoor patio, and Tiki Bar
- Fire suppression system installed for restaurant operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,984
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,680
$1.1M
Cap Rate 7%
$756,914
$756.9K
Cap Rate 9%
$588,711
$588.7K
Market Conditions
NOI Build-Up for 4,043 SF
Gross rent
$80.1K $19.80/SF
− Vacancy
−$9.4K −$2.33/SF
EGI
$70.6K $17.47/SF
− OpEx
−$17.7K −$4.37/SF
NOI
$53.0K $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%
$1,059,680
Cap Rate 7%
$756,914
Cap Rate 9%
$588,711
Alternative Uses
Best Use
Specialty Retail
$756.9K
$662.3K – $883.1K
NOI $52,984 @ 7.0% cap · market cap 5.49%
Second Best
Retail
$426.9K
$373.6K – $498.1K
NOI $29,886 @ 7.0% cap · market cap 3.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
9,776 visits/mo
0.5 miles
BP
Shops & Services
8,557 visits/mo
0.4 miles
Comerica Bank
Shops & Services
1,717 visits/mo
0.3 miles
Marathon
Shops & Services
572 visits/mo
0.4 miles
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Configured for continued food-service use with outdoor seating, public water, and forced-air heating.
Where is this conventional restaurant located?
The property is located at 50285 Mound Road Shelby, MI.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: 4,043‑square‑foot restaurant building on 1.59 acres; Restaurant layout includes dining area, kitchen, outdoor patio, and Tiki Bar; Fire suppression system installed for restaurant operations
