Restaurant Building with
For Sale
$765,000
50285 Mound Rd, Shelby Township, MI 48317
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$189.22
Days on Market208
Property Features for 50285 Mound Rd
General Information
Standard status
Active
Size
4,043 SF
Lot size
1.59 Acres
Additional Details
Business Included
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$12,946
Amenities
spacious dining area
inviting outdoor patio
distinctive Tiki Bar
Listing Agency:
RE/MAX Advisors
(586) 725-1900
Listed By:
Maria McGuire · License #6504242665
(586) 996-4059
Source:
Exprealty
Added: Apr 1
Changed: Oct 6
Last Checked: Oct 24 at 8:42PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$52,984
Cap Rate
6.93%
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 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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 $765,000.
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
