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Restaurant with Convenience Store

7631 E Warren Avenue, Detroit, MI 48214

For Sale
$59,000

A side addition provides space for potential expansion, and equipment is excluded from the sale.

Property Size627 SF
Price / SF$94.10
Days on Market124

Property Features for 7631 E Warren Avenue

General Information

Standard status Active
Size 627 SF
Property subtype Commercial

Site & Location

Neighborhood Claytown

Additional Details

Equipment Included No

Taxes and HOA fees

Annual Taxes $601

Building Details

Building Size 627 SF
Listing Agency: Good Company
Listed By: Erin Hertzog · License MI #6501413567
Source: Fikany
Added: Jul 9 Changed: Nov 7 Last Checked: Nov 8 at 2:28PM

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 Good Company

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Investment Insights

Based on property information with market context.

This restaurant property includes a convenience store and a side addition intended for expansion. Equipment is not included in the sale. An additional lot may also be included as part of the transaction.

The property is at the corner of Warren Avenue and Baldwin Avenue in Detroit, two blocks from Gratiot Avenue and Van Dyke Avenue, and across from the Warren bus stop.

Key Highlights

  • Restaurant and convenience store at Warren Avenue and Baldwin Avenue
  • Side addition offers space for expansion
  • Additional lot may be included in the sale

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Nail Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

299
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 100%
True Value Hardware Home Improvements & Furnishings
1,039 visits/mo 0.4 miles

Demographics for 48214, MI

18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Conventional restaurants in Detroit, MI

$148 Jul
$178 Aug
$185 Sep
$197 Oct

Properties on Market for Conventional restaurants in Detroit

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A side addition provides space for potential expansion, and equipment is excluded from the sale.
Where is this conventional restaurant located?
The property is located at 7631 E Warren Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $59,000.
What are key features of this property?
This property features: Restaurant and convenience store at Warren Avenue and Baldwin Avenue; Side addition offers space for expansion; Additional lot may be included in the sale
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