Bar and Pub with
New
For Sale
$399,000
8070 Greenfield Rd, Detroit, MI 48228
A paved outdoor dining area complements the interior seating and recent building updates.
Property Size2,187 SF
Days on Market3
Property Features for 8070 Greenfield Rd
General Information
Standard status
Active
Size
2,187 SF
Property subtype
Commercial
Restaurant
Patio
Yes
Liquor License
No
Taxes and HOA fees
Annual Taxes
$10,492
Building Details
Building Size
2,187 SF
Year Built
1951
Listing Agency:
Keller Williams Legacy
Listed By:
Nick Jaafar · License #403947
(313) 228-3777
Source:
Elliman
Added: Oct 11
Last Checked: Oct 12 at 8:20PM
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.
Built in 1951, this bar and pub at 8070 Greenfield Rd in Detroit includes indoor seating for up to 100 and a paved outdoor patio sized for more than 100 guests. Recent improvements include a sound system, doors, flooring, and lighting throughout.
Key Highlights
- Paved patio accommodates over 100 guests
- Interior seating for up to 100
- Recent improvements include a sound system, doors, flooring, and lighting throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,918
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,360
$598.4K
Cap Rate 7%
$427,400
$427.4K
Cap Rate 9%
$332,422
$332.4K
Market Conditions
NOI Build-Up for 2,187 SF
Gross rent
$42.0K $19.20/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$39.9K $18.24/SF
− OpEx
−$10.0K −$4.56/SF
NOI
$29.9K $13.68/SF
Area
ZIP 48228
Vacancy
5.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,360
Cap Rate 7%
$427,400
Cap Rate 9%
$332,422
Alternative Uses
Best Use
Specialty Retail
$427.4K
$374.0K – $498.6K
NOI $29,918 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.2K
$393.1K – $524.1K
NOI $31,444 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
36k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 35%
Electronics 5%
Exxon
Shops & Services
16,575 visits/mo
0.5 miles
Tim Hortons
Dining
12,664 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
5,244 visits/mo
0.5 miles
AT&T
Electronics
1,686 visits/mo
0.4 miles
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
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 Detroit, MI
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Frequently Asked Questions
What type of property is this?
Bar & Pub - A paved outdoor dining area complements the interior seating and recent building updates.
Where is this bar & pub located?
The property is located at 8070 Greenfield Rd Detroit, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Paved patio accommodates over 100 guests; Interior seating for up to 100; Recent improvements include a sound system, doors, flooring, and lighting throughout
