Bar and Live Music
844 E 10 Mile Road, Hazel Park, MI 48030
For Sale
$799,000
Includes kitchen facilities, indoor seating, and an outdoor gathering area for food service and entertainment.
Property Size2,629 SF
Price / SF$303.92
Days on Market152
Property Features for 844 E 10 Mile Road
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Business Included
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Match Realty
(313) 482-7432
Listed By:
Katie Wheeler · License MI #6501400563
(313) 627-1819
Source:
Housewant
Added: Jun 15
Changed: Nov 12
Last Checked: Nov 13 at 4:12PM
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 Match Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This bar property includes a full-service bar, kitchen facilities, indoor seating, and outdoor gathering space. The site is associated with live music and community events, offering a physical setup for food service and entertainment.
The property is at 844 E 10 Mile Road in Hazel Park, Michigan. It was built in 1959 and is zoned Commercial, Light Industry, Multiple.
The property is at 844 E 10 Mile Road in Hazel Park, Michigan. It was built in 1959 and is zoned Commercial, Light Industry, Multiple.
Key Highlights
- Full‑service bar and kitchen facilities
- Indoor seating plus an outdoor gathering area
- Associated with live music and community events
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,694
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,880
$793.9K
Cap Rate 7%
$567,057
$567.1K
Cap Rate 9%
$441,044
$441.0K
Market Conditions
NOI Build-Up for 2,629 SF
Gross rent
$56.8K $21.60/SF
− Vacancy
−$3.9K −$1.47/SF
EGI
$52.9K $20.13/SF
− OpEx
−$13.2K −$5.03/SF
NOI
$39.7K $15.10/SF
Area
Oakland County, MI
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,880
Cap Rate 7%
$567,057
Cap Rate 9%
$441,044
Alternative Uses
Best Use
Specialty Retail
$567.1K
$496.2K – $661.6K
NOI $39,694 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
150k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 36%
Shops & Services 18%
Beauty & Spa 1%
Kroger
Groceries
54,587 visits/mo
0.5 miles
McDonald's
Dining
22,311 visits/mo
0.5 miles
Tim Hortons
Dining
15,379 visits/mo
0.5 miles
Taco Bell
Dining
13,560 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,531 visits/mo
0.5 miles
Demographics for 48030, MI
14,983
Population
7,149
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
5,351
Density / Sq Mi
$62,878
Median Household Income
$42,374
Median Earnings
$1,221
Median Rent
$141,200
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 Midwest region
Similar Off Market Nearby
- Eastern Palace Club — 21509 John R Rd, Hazel Park, MI 48030
- Irish Viking — 23428 John R Rd, Hazel Park, MI 48030
- T.I.T.P — 23305 Dequindre Rd, Hazel Park, MI 48030
- Connie's Finish Line — 23715 S Chrysler Dr, Hazel Park, MI 48030
- Sports Bar — 23714 easterling ave, hazel park, mi 48030
Frequently Asked Questions
What type of property is this?
Bar & Pub - Includes kitchen facilities, indoor seating, and an outdoor gathering area for food service and entertainment.
Where is this bar & pub located?
The property is located at 844 E 10 Mile Road Hazel Park, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Full‑service bar and kitchen facilities; Indoor seating plus an outdoor gathering area; Associated with live music and community events
