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    8200 Macomb St Grosse Ile Township, MI 48138

    For Sale
    Contact for pricing

    Established Restaurant, Grosse Ile, MI

    Property size:
    2,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional turnkey restaurant opportunity presents the chance to acquire a thriving, established business in the desirable Grosse Ile Township, Michigan. Located at 8200 Macomb Street, within Grosse Ile's main retail and business district, the Island Coney Restaurant boasts 2,088 square feet of impeccably clean, well-maintained space built in 2006. The sale includes the real estate, business, and all furniture, fixtures, and equipment, offering a seamless transition for the new owner. The property sits on a 0.38-acre lot and includes 28 parking spaces, ensuring ample convenience for customers. The restaurant's excellent construction and prime location contribute to its consistent profitability. Outdoor seating adds to the appeal, enhancing the dining experience. Annual property taxes are $7,694. The asking price per square foot is $419.06. This is a rare opportunity to own a successful, established restaurant in a unique island community. The current owners are retiring, making this a truly exceptional chance to step into a ready-made business with significant potential. Serious inquiries are encouraged

    Property Features for 8200 Macomb St

    General Information

    Property type
    Restaurants
    Square Feet
    2,088 SF
    Lot Size
    16,553 SF

    Building Details

    Year Built
    2006

    HighLights

    • Owner retirement sale: Established Island Coney Restaurant.
    • Profitable, turnkey restaurant in Grosse Ile's prime retail area.
    • 2,088 SF restaurant on Macomb Street with outdoor seating; excellent condition.
    • Includes real estate, business, FF&E.
    • Annual property taxes: $7,694.
    • Offers considered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grosse Ile Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.147847
    Latitude
    42.1305592

    Nearby Comparable

    • $500,000

      Versatile Commercial Property in Grosse Ile

      Retail, office, and industrial spaces with ample parking.
      8604 Macomb St, Grosse Ile, MI 48138
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    • $437,750
      4,800 SF

      Grosse Ile Retail Space - $437,750

      4,800 SF Retail Building, Excellent Location
      8840 Macomb St, Grosse Ile Township, MI 48138
      View Details
    • $395,000

      Former Convent Multifamily Conversion Opportunity

      Former convent for multifamily, senior living, or single-family conversion.
      21599 Parke Ln Ln, Grosse Ile, MI 48138
      View Details
    • $60,000

      Land for Sale

      Land available for purchase.
      Golfview Dr, Grosse Ile, MI 48138
      View Details

    Nearby Similar for Sale

    • $437,750
      4,800 SF

      Grosse Ile Retail Space - $437,750

      4,800 SF Retail Building, Excellent Location
      8840 Macomb St, Grosse Ile Township, MI 48138
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Grosse Ile, MI
    Where is this restaurant located?
    The property is located at 8200 Macomb St Grosse Ile Township, MI.
    What are key features of this property?
    This property features: Owner retirement sale: Established Island Coney Restaurant.; Profitable, turnkey restaurant in Grosse Ile's prime retail area.; 2,088 SF restaurant on Macomb Street with outdoor seating; excellent condition.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    8200 Macomb St Grosse Ile Township, MI 48138
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