Move-In Ready Cafe9 Restaurant
5838 Schaefer Road Unit SourceFi Dearborn, MI 48126
5838 Schaefer Road Unit SourceFi, Dearborn, MI, 48126
$199,900
For Sale
$199,900
Fully built-out cafe/restaurant with a commercial hood system and included equipment, ready for immediate operation.
Property Size1,000 SF
Price / SF$199.90
Days on Market107
Property Features for 5838 Schaefer Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 20
Listing agency
(313) 770-1175
Listed by
Keller Williams Legacy
(313) 770-1175
Source
Xome
Added: Apr 8 Updated: Jul 23 at 4:52AM Checked: Jul 23 at 4:52AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This fully built-out, move-in ready cafe/restaurant space is designed for immediate use. The layout includes a commercial hood system, quality fixtures, and a full lineup of equipment included with the sale. The offering is for the physical space, buildout, and equipment, not for the business name or brand.
The space is located at 5838 Schaefer Road in Dearborn, MI 48126. It is currently operating as Cheat Treats Cafe9 and has been in operation since 2017.
For an owner-operator or concept operator, this configuration provides an established restaurant setup with key operational components already in place, supporting a streamlined transition to a new operator.
The space is located at 5838 Schaefer Road in Dearborn, MI 48126. It is currently operating as Cheat Treats Cafe9 and has been in operation since 2017.
For an owner-operator or concept operator, this configuration provides an established restaurant setup with key operational components already in place, supporting a streamlined transition to a new operator.
Key Highlights
- Fully built‑out cafe/restaurant space with a professionally designed layout and commercial hood system
- Included equipment and fixtures are part of the sale (physical space and buildout included)
- Currently operating as Cheat Treats Cafe since 2017
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 | $19.2k | $19.20 |
| − Vacancy | −$960 | −$0.96 |
| EGI | $18.2k | $18.24 |
| − OpEx | −$4.6k | −$4.56 |
| NOI | $13.7k | $13.68 |
1,000 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$195.4K
$171.0K – $228.0K
NOI $13,680 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.6K
$193.0K – $257.4K
NOI $15,442 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cheat Treats
Bakery
Vegan Dessert Co.
Bakery
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Fully built-out cafe/restaurant with a commercial hood system and included equipment, ready for immediate operation.
Where is this conventional restaurant located?
The property is located at 5838 Schaefer Road Unit SourceFi Dearborn, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Fully built‑out cafe/restaurant space with a professionally designed layout and commercial hood system; Included equipment and fixtures are part of the sale (physical space and buildout included); Currently operating as Cheat Treats Cafe since 2017
