Turnkey Restaurant with Built-In
8140 Michigan Avenue Unit SourceFi Detroit, MI 48210
8140 Michigan Avenue Unit SourceFi, Detroit, MI, 48210
$1,300,000
For Sale
$1,300,000
Turnkey restaurant with a fully built-out kitchen and an included Wayne County Class C liquor license attached to the building.
Property Size4,300 SF
Price / SF$302.33
Days on Market54
Property Features for 8140 Michigan Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 4,300 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 27 Checked: Jul 19 at 1:55 am
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.
This turnkey restaurant offering includes a fully built-out kitchen, designed for immediate use. The property is being sold with a Wayne County Class C liquor license included in the asking price and already attached to the building.
Located at 8140 Michigan Avenue in Detroit, the space is positioned to serve restaurant operators seeking an existing, ready-to-run setup.
With the kitchen improvements already in place and the liquor license included, this property presents a streamlined path for an operator looking to launch from the existing build-out.
Located at 8140 Michigan Avenue in Detroit, the space is positioned to serve restaurant operators seeking an existing, ready-to-run setup.
With the kitchen improvements already in place and the liquor license included, this property presents a streamlined path for an operator looking to launch from the existing build-out.
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 located on Michigan Avenue (Wayne County)
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 | $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
Industrial
$298.8K
$261.4K – $348.6K
NOI $20,914 @ 7.0% cap · market cap 1.61%
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
Location Intelligence
Current Use by Public Records
The Horse
Nightclub
V live Detroit
Nightclub
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial kitchen - Turnkey restaurant with a fully built-out kitchen and an included Wayne County Class C liquor license attached to the building.
Where is this commercial kitchen located?
The property is located at 8140 Michigan Avenue Unit SourceFi 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 located on Michigan Avenue (Wayne County)
