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    Equipped Restaurant in Southfield, Michigan Title is generated by Realmo AI

    25485 Telegraph Rd, Southfield, MI 48033

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    Fully equipped restaurant with Class C license in Southfield.

    Type:Retail
    Property size:
    8,615 SF
    Price / SF:
    $226/SF
    Added:
    Jun 5, 2020
    Days on Market:
    2210
    Last Refresh:
    May 19 at 8:59 pm

    Property Features for 25485 Telegraph Rd

    General Information

    Standard status
    Active
    Size
    8,615 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1979

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    Listing Contact
    Leo Gonzalez

    Listing agent Leo Gonzalez License #MI 6502126741

    Listing office CRS, Commercial Real Estate Services

    Listing date Jun 5, 2020

    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 CRS, Commercial Real Estate Services

    HighLights

    • Fully equipped restaurant ready for operation.
    • Includes a Class C license.
    • Located in Southfield, Michigan's undisputed business center.
    • High daytime population of approximately 175,000.
    • Accessible within a 30‑minute drive to over 4 million people in Southeastern Michigan.
    • Located in Oakland County, home to over 100 Fortune 500 companies.

    Overview

    This fully equipped restaurant includes a Class C license and is situated in Southfield, Michigan, a prominent business and residential hub in Oakland County. Southfield is home to over 71,000 residents and more than 100 Fortune 500 companies. The city's daytime population approaches 175,000, supported by over 27 million square feet of office space and more than seven million square feet of retail and industrial space. Southfield's central location, excellent city services, and accessibility to southeastern Michigan have made it a desirable location for businesses. The property, encompassing 8,615 square feet, is positioned to serve the neighboring communities of Southfield and a daytime population exceeding 175,000 people. The land may be used by another restaurant.

    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 $186.1k $21.60
    − Vacancy −$12.7k −$1.47
    EGI $173.4k $20.13
    − OpEx −$43.4k −$5.03
    NOI $130.1k $15.10
    8,615 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.86M
    $1.63M – $2.17M (±1% cap)
    NOI $130,073 @ 7.0% cap · market cap 6.67%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2848976
    Latitude
    42.4758725

    FAQs

    What type of property is this?
    Restaurant - Fully equipped restaurant with Class C license in Southfield.
    Where is this restaurant located?
    The property is located at 25485 Telegraph Rd Southfield, MI.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Fully equipped restaurant ready for operation.; Includes a Class C license.; Located in Southfield, Michigan's undisputed business center.
    More about this property
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