Equipped Restaurant
For Sale
$149,900
673 Inkster Road, Garden City, MI 48135
The existing restaurant buildout includes equipment for a new operator.
Property Size1,000 SF
Price / SF$149.90
Days on Market16
Property Features for 673 Inkster Road
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$8,893
Building Details
Building Size
1,000 SF
Listing Agency:
Keller Williams Legacy
Listed By:
Hiam Harb · License #6501444350
(313) 482-8893
Source:
Desertdouglas
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 27 at 3:45AM
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
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.
A 1,000-square-foot restaurant property is offered with its existing buildout and equipment. The space is configured for restaurant use, with the equipment included in the sale. The former operator’s name, brand, and business are not part of the offering.
The property is located at 673 Inkster Road in Garden City, Michigan.
The property is located at 673 Inkster Road in Garden City, Michigan.
Key Highlights
- 1,000‑square‑foot restaurant property
- Restaurant buildout and equipment included
- 673 Inkster Road, Garden City, MI 48135‑3167
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,960
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,200
$259.2K
Cap Rate 7%
$185,143
$185.1K
Cap Rate 9%
$144,000
$144.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$720 −$0.72/SF
EGI
$17.3K $17.28/SF
− OpEx
−$4.3K −$4.32/SF
NOI
$13.0K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,200
Cap Rate 7%
$185,143
Cap Rate 9%
$144,000
Alternative Uses
Best Use
Specialty Retail
$185.1K
$162.0K – $216.0K
NOI $12,960 @ 7.0% cap · market cap 8.65%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 27%
Apparel 6%
Dollar Tree
Shops & Services
12,345 visits/mo
0.5 miles
Family Dollar
Shops & Services
10,367 visits/mo
0.5 miles
Wendy's
Dining
8,651 visits/mo
0.4 miles
Rainbow
Apparel
2,326 visits/mo
0.5 miles
XFINITY Store by Comcast
Shops & Services
2,000 visits/mo
0.5 miles
Demographics for 48135, MI
27,380
Population
11,395
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,641
Density / Sq Mi
$64,396
Median Household Income
$39,987
Median Earnings
$991
Median Rent
$162,400
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 - The existing restaurant buildout includes equipment for a new operator.
Where is this conventional restaurant located?
The property is located at 673 Inkster Road Garden City, MI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1,000‑square‑foot restaurant property; Restaurant buildout and equipment included; 673 Inkster Road, Garden City, MI 48135‑3167
