Restaurant Building with
50285 Mound Rd Shelby Township, MI 48317
For Sale
$1,070,000
For sale 4,043 sq ft restaurant building on a sizable Mound Road site with patio, on-site parking, and fire suppression.
Property Size4,043 SF
Lot Size1.59 Acres
Price / SF$264.65
Days on Market113
Property Features for 50285 Mound Rd
General Information
- Standard status
- Active
- Size
- 4,043 SF
- Lot size
- 1.59 Acres
Listing Agency:
RE/MAX Advisors
(586) 996-4059
Listed By:
Maria McGuire · License #6504242665
(586) 996-4059
Source:
Exprealty
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 3:06PM
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 RE/MAX Advisors
Investment Insights
Based on property information with market context.
For sale, this 4,043 sq ft commercial building is positioned on 1.59 acres along Mound Road and is currently home to Esplendido Mexican Restaurant. The property includes a spacious dining area, an inviting outdoor patio, and a distinctive Tiki Bar, supported by a fire suppression system and essential infrastructure for ongoing operations.
Additional convenience comes from expansive on-site parking, with extra space on the site for potential future expansion or redevelopment. The purchase is also offered with flexibility, including the possibility to acquire the real estate independently of the restaurant business.
In addition to the building, the thriving restaurant business is available as a turnkey opportunity, providing an established platform for immediate operation.
Additional convenience comes from expansive on-site parking, with extra space on the site for potential future expansion or redevelopment. The purchase is also offered with flexibility, including the possibility to acquire the real estate independently of the restaurant business.
In addition to the building, the thriving restaurant business is available as a turnkey opportunity, providing an established platform for immediate operation.
Key Highlights
- 4,043 sq ft commercial building on 1.59 acres along Mound Road
- Currently operating as Esplendido Mexican Restaurant, with a versatile layout for retail or office use
- Expansive site includes abundant on‑site parking and additional space for future expansion or redevelopment
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.1k | $19.80 |
| − Vacancy | −$9.4k | −$2.33 |
| EGI | $70.6k | $17.47 |
| − OpEx | −$17.7k | −$4.37 |
| NOI | $53.0k | $13.11 |
4,043 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$756.9K
$662.3K – $883.1K
NOI $52,984 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - For sale 4,043 sq ft restaurant building on a sizable Mound Road site with patio, on-site parking, and fire suppression.
Where is this conventional restaurant located?
The property is located at 50285 Mound Rd Shelby Township, MI.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: 4,043 sq ft commercial building on 1.59 acres along Mound Road; Currently operating as Esplendido Mexican Restaurant, with a versatile layout for retail or office use; Expansive site includes abundant on‑site parking and additional space for future expansion or redevelopment
