Turn-Key Bar and
7000 Merriman Road Unit SourceFi Romulus, MI 48174
7000 Merriman Road Unit SourceFi, Romulus, MI, 48174
$1,400,000
For Sale
$1,400,000
Turn-key bar and restaurant for sale near Detroit Metro Airport and the hotel district.
Property Size3,982 SF
Price / SF$351.58
Days on Market80
Property Features for 7000 Merriman Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,982 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
New Michigan Realty, LLC
(586) 634-0365
Listed by
Joseph Tinpan · License #6501306210
(586) 634-0365
Source
Xome
Added: May 3 Updated: Jul 21 at 2:58AM Checked: Jul 21 at 2:58AM
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 New Michigan Realty, LLC
Investment Insights
Based on property information with market context.
A turn-key bar and restaurant opportunity located at 7000 Merriman Road Unit SourceFi in Romulus, Michigan. The offering is presented as ready for a new owner, with the operations stated to be in place and prepared for immediate transition.
The property is positioned close to Detroit Metro Airport and the hotel district, placing it in an area that draws daily travelers. The business is described as a local staple in the community.
With a commercial configuration designed for bar and restaurant use, this is offered for sale and presented as available for the first time in decades.
The property is positioned close to Detroit Metro Airport and the hotel district, placing it in an area that draws daily travelers. The business is described as a local staple in the community.
With a commercial configuration designed for bar and restaurant use, this is offered for sale and presented as available for the first time in decades.
Key Highlights
- Bar and restaurant for sale in Romulus, located close to Detroit Metro Airport and the hotel district
- Lot dimensions listed at 150,528.53 (units not specified)
- Heating system indicated as “3” in Interior Features
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 | $71.7k | $18.00 |
| − Vacancy | −$2.9k | −$0.72 |
| EGI | $68.8k | $17.28 |
| − OpEx | −$17.2k | −$4.32 |
| NOI | $51.6k | $12.96 |
3,982 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$737.2K
$645.1K – $860.1K
NOI $51,607 @ 7.0% cap · market cap 3.69%
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
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Capitol Bistro & Bar — 7600 Merriman Rd, Romulus, MI 48174
- Airport Wheat & Rye — 7000 Merriman Rd, Romulus, MI 48174
FAQs
What type of property is this?
Bar & Pub - Turn-key bar and restaurant for sale near Detroit Metro Airport and the hotel district.
Where is this bar & pub located?
The property is located at 7000 Merriman Road Unit SourceFi Romulus, MI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Bar and restaurant for sale in Romulus, located close to Detroit Metro Airport and the hotel district; Lot dimensions listed at 150,528.53 (units not specified); Heating system indicated as “3” in Interior Features
