Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    837 W Chicago Blvd Tecumseh, MI 49286

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Net-leased Burger King property with a long-term tenant.

    Type:Retail
    Property size:
    2,850 SF
    Added:
    Jan 31, 2024
    Days on Market:
    796
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 837 W Chicago Blvd

    General Information

    Standard status
    Active
    Size
    2,850 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Simon Jonna

    Listing agent Simon Jonna License #MI 6501357188

    Listing office The Jonna Group at Colliers International

    Listing date Jan 31, 2024

    Source Crexi

    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 The Jonna Group at Colliers International

    Overview

    Burger King Restaurant For Sale

    A Burger King restaurant located at 837 Chicago Ave in Tecumseh, MI, is available for purchase. The property is a net-leased QSR (Quick Service Restaurant). The building has been occupied by a tenant since 2002, presenting a long-term investment opportunity. The property size is 2850 square feet.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tecumseh
    County
    Lenawee
    State
    Michigan
    Longitude
    -83.9596443
    Latitude
    42.0059776

    Nearby Similar for Sale

    • $1,500,000
      25,000 SF

      Tecumseh Commercial Facility on 21 Acres

      Versatile 25,000 SF facility on 21 acres in Tecumseh.
      8080 Matthews Highway, Tecumseh, MI 49286
      View Details
    • $209,000
      1,972 SF

      Tecumseh Duplex Near Downtown

      Well-maintained duplex in a prime Tecumseh location.
      210 S Ottawa, Tecumseh, MI 49286
      View Details
    • $279,900
      2,344 SF

      Tecumseh Mixed-Use Building For Sale

      Commercial building with salon and apartment near downtown Tecumseh.
      409 N Evans, Tecumseh, MI 49286
      View Details
    • $1,500,000
      25,000 SF

      Tecumseh Manufacturing/Industrial Opportunity

      25,000 SF manufacturing/industrial property on 21.47 acres in Tecumseh.
      8080 Matthews Highway, Tecumseh, MI 49286
      View Details
    • $619,000
      15,936 SF

      Versatile Industrial Building with Upgrades

      Functional industrial building with modern upgrades and convenient access.
      223 E Patterson Street, Tecumseh, MI 49286
      View Details
    • $650,000
      45,464 SF

      Tecumseh Commercial Property for Sale

      Commercial property in Tecumseh, Michigan, suitable for various uses.
      416 E Cummins St, Tecumseh, MI 49286
      View Details
    • $250,000
      1,982 SF

      Two-Story Commercial Farm House

      Two-story brick farm house on 3.55 acres zoned commercial.
      1206 W Russell Rd, Tecumseh, MI 49286
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Net-leased Burger King property with a long-term tenant.
    Where is this drive through restaurant located?
    The property is located at 837 W Chicago Blvd Tecumseh, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Net‑leased QSR property provides a solid investment opportunity.; Tenant, a Burger King franchise, has been in place since 2002, indicating stability.; Located on 837 Chicago Ave in Tecumseh, MI.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Simon Jonna
    Real Estate License ID: MI 6501357188
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!