Two-Story Bar and
6538 Michigan Avenue Unit SourceFi Detroit, MI 48210
6538 Michigan Avenue Unit SourceFi, Detroit, MI, 48210
$600,000
For Sale
$600,000
Two-story bar, nightclub, and restaurant with a full kitchen, two bars, karaoke stage, and restrooms on both levels.
Property Size3,247 SF
Price / SF$184.79
Days on Market182
Property Features for 6538 Michigan Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,247 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
REMAX City Centre
(734) 740-5534
Listed by
Angie Sierra
(734) 740-5534
Source
Xome
Added: Jan 18 Checked: Jul 19 at 2:00 am
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 REMAX City Centre
Investment Insights
Based on property information with market context.
This two-story bar, nightclub, and restaurant is offered with the building and the operating business, including a liquor license. The layout includes a full kitchen, two fully functioning bars (one on each level), and restrooms on both floors.
Entertainment amenities are built into the space with a karaoke stage and pool table. Designed to support nightlife-style operations across two levels, the property offers a turnkey setup for continued bar and restaurant use.
Entertainment amenities are built into the space with a karaoke stage and pool table. Designed to support nightlife-style operations across two levels, the property offers a turnkey setup for continued bar and restaurant use.
Key Highlights
- Two‑story bar, nightclub, and restaurant includes the building and operating business.
- Full kitchen plus two fully functioning bars—one on each level.
- Entertainment features include a karaoke stage and a pool table.
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 | $60.4k | $18.60 |
| − Vacancy | −$3.3k | −$1.00 |
| EGI | $57.1k | $17.60 |
| − OpEx | −$14.3k | −$4.40 |
| NOI | $42.8k | $13.20 |
3,247 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$612.1K
$535.6K – $714.2K
NOI $42,850 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.3K
$626.8K – $835.7K
NOI $50,141 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wave Knight Club
Nightclub
Wave Nigt Club
Nightclub
Rincon Tropical
Restaurant
Cambio de aceite
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- The Rock's Bar & Grill — 3511 Clippert St, Detroit, MI 48210
- Abick's Bar — 3500 Gilbert St, Detroit, MI 48210
- Red's Park-Inn — 4442 Central St, Detroit, MI 48210
- Tommy T's Pub — 3511 Clippert St, Detroit, MI 48210
- bar — 3500 gilbert st, detroit, mi 48210
FAQs
What type of property is this?
Bar & Pub - Two-story bar, nightclub, and restaurant with a full kitchen, two bars, karaoke stage, and restrooms on both levels.
Where is this bar & pub located?
The property is located at 6538 Michigan Avenue Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑story bar, nightclub, and restaurant includes the building and operating business.; Full kitchen plus two fully functioning bars—one on each level.; Entertainment features include a karaoke stage and a pool table.
