Turnkey Restaurant with Liquor
8140 MICHIGAN AVE Detroit, MI 48226
For Sale
Contact for pricing
Turnkey restaurant space includes a Wayne County Class C liquor license already attached to the building.
Property Size4,300 SF
Price / SF$302.33
Days on Market59
Property Features for 8140 MICHIGAN AVE
General Information
- Standard status
- Active
- Size
- 4,300 SF
- Property subtype
- Retail, Hospitality, Business for Sale
Building Details
- Year Built
- 1951
Listing Agency:
New Michigan Realty
Listed By:
Joe Tinpan · License #6506049115
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 26 at 7:26AM
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
Investment Insights
Based on property information with market context.
This turnkey restaurant property comes fully built out with an operational commercial kitchen designed to support day-to-day food service. The space is offered for sale as a ready-to-operate concept, with the necessary kitchen improvements already in place.
Located at 8140 Michigan Ave in Detroit, the property is positioned along Michigan Avenue, providing a direct storefront-focused commercial setting for a new operator.
For a restaurateur or buyer ready to open with minimal additional interior work, the included Wayne County Class C liquor license attached to the building is a key operational factor. This combination of a built-out kitchen and an existing license can streamline the path to launching a bar-and-grill or restaurant concept within a restaurant-ready facility.
Located at 8140 Michigan Ave in Detroit, the property is positioned along Michigan Avenue, providing a direct storefront-focused commercial setting for a new operator.
For a restaurateur or buyer ready to open with minimal additional interior work, the included Wayne County Class C liquor license attached to the building is a key operational factor. This combination of a built-out kitchen and an existing license can streamline the path to launching a bar-and-grill or restaurant concept within a restaurant-ready facility.
Key Highlights
- Turnkey restaurant space with a fully built‑out kitchen
- Wayne County Class C liquor license included and already attached to the building
- Property built in 1951
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 | $80.0k | $18.60 |
| − Vacancy | −$4.3k | −$1.00 |
| EGI | $75.7k | $17.60 |
| − OpEx | −$18.9k | −$4.40 |
| NOI | $56.7k | $13.20 |
4,300 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$810.7K
$709.3K – $945.8K
NOI $56,746 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$948.6K
$830.0K – $1.11M
NOI $66,402 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Horse
Nightclub
V live Detroit
Nightclub
Similar Off Market Nearby
- The Horse — 8140 Michigan Ave, Detroit, MI 48210
- V live Detroit — 8140 Michigan Ave, Detroit, MI 48210
- Snacktified Munch — 5238 Lawndale St, Detroit, MI 48210
- Brent's Place Inc — 8900 michigan ave, detroit, mi 48210
- Red's Park-Inn — 4442 Central St, Detroit, MI 48210
FAQs
What type of property is this?
Bar & Pub - Turnkey restaurant space includes a Wayne County Class C liquor license already attached to the building.
Where is this bar & pub located?
The property is located at 8140 MICHIGAN AVE Detroit, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Turnkey restaurant space with a fully built‑out kitchen; Wayne County Class C liquor license included and already attached to the building; Property built in 1951
