Turnkey Restaurant with
50285 Mound Rd Shelby Twp Utica, MI 48317
50285 Mound Rd Shelby Twp, Utica, MI, 48317
Contact for pricing
For Sale
Contact for pricing
For sale 4,403 sq ft restaurant building with dining area, outdoor patio, tiki bar, and fire suppression system.
Property Size4,403 SF
Lot Size1.59 Acres
Price / SF$243.02
Days on Market111
Property Features for 50285 Mound Rd Shelby Twp
General Information
- Standard status
- Active
- Size
- 4,403 SF
- Lot size
- 1.59 Acres
- Property subtype
- Business for Sale, Hospitality, Mixed Use, Special Purpose
Listing agency
RE/MAX Advisors
(586) 996-4059
Listed by
Maria McGuire · License #MI 6504242665
Source
Crexi
Added: Apr 3 Updated: Jul 22 at 6:26AM Checked: Jul 22 at 6:26AM
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.
This for-sale commercial property is a turnkey restaurant opportunity in a 4,403 sq ft building, currently operating as Esplendido Mexican Restaurant. The layout includes a spacious dining area, an outdoor patio, and a distinctive tiki bar designed for on-site guest experience. The property is equipped with a fire suppression system and other essential infrastructure to support operation.
The restaurant is located along Mound Road on a 1.59-acre site with on-site parking and additional space that may support future expansion or redevelopment. Flexible purchase options are available, including acquiring the real estate separately from the business operation.
The offering can be pursued by an owner-user looking to continue restaurant operations or by an investor considering the building as a commercial asset for other uses, as described in the property remarks.
The restaurant is located along Mound Road on a 1.59-acre site with on-site parking and additional space that may support future expansion or redevelopment. Flexible purchase options are available, including acquiring the real estate separately from the business operation.
The offering can be pursued by an owner-user looking to continue restaurant operations or by an investor considering the building as a commercial asset for other uses, as described in the property remarks.
Key Highlights
- 4,403 SF commercial building on 1.59 acres along Mound Road
- Currently operating as Esplendido Mexican Restaurant with a layout suited for restaurant use
- Includes spacious dining area, outdoor patio, and distinctive Tiki Bar
Local 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 | $87.2k | $19.80 |
| − Vacancy | −$10.2k | −$2.33 |
| EGI | $76.9k | $17.47 |
| − OpEx | −$19.2k | −$4.37 |
| NOI | $57.7k | $13.11 |
4,403 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$824.3K
$721.3K – $961.7K
NOI $57,702 @ 7.0% cap · market cap 5.39%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For sale 4,403 sq ft restaurant building with dining area, outdoor patio, tiki bar, and fire suppression system.
Where is this conventional restaurant located?
The property is located at 50285 Mound Rd Shelby Twp Utica, 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: 4,403 SF commercial building on 1.59 acres along Mound Road; Currently operating as Esplendido Mexican Restaurant with a layout suited for restaurant use; Includes spacious dining area, outdoor patio, and distinctive Tiki Bar
