Restaurant For
For Sale
Contact for pricing
18536 E Warren Ave, Detroit, MI 48236
Former restaurant property available for sale.
Property Size2,000 SF
Price / SF$247.50
Days on Market1453
Property Features for 18536 E Warren Ave
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Zoning
R1
Building Details
Tenancy
Single
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Louis J. Ciotti · License #MI 6501335264
(313) 570-2026
Source:
Crexi
Added: Oct 15, 2022
Changed: Oct 5
Last Checked: Oct 5 at 3:06PM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This commercial real estate property, formerly a restaurant, is available for sale. The property size is 2000 square feet. It is located at 18536 E Warren Ave, Detroit, MI 48236.
Key Highlights
- Former Restaurant Available
- Property Available For Sale
- Additional Property Details Available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,393
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,860
$527.9K
Cap Rate 7%
$377,043
$377.0K
Cap Rate 9%
$293,256
$293.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$37.2K $18.60/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$35.2K $17.60/SF
− OpEx
−$8.8K −$4.40/SF
NOI
$26.4K $13.20/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,860
Cap Rate 7%
$377,043
Cap Rate 9%
$293,256
Alternative Uses
Best Use
Specialty Retail
$377.0K
$329.9K – $439.9K
NOI $26,393 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.2K
$386.1K – $514.8K
NOI $30,885 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
165k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 40%
Home Improvements & Furnishings 9%
McDonald's
Dining
31,968 visits/mo
0.1 miles
Great Lakes Ace
Home Improvements & Furnishings
15,015 visits/mo
0.2 miles
Starbucks
Dining
14,497 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,317 visits/mo
0.3 miles
Taco Bell
Dining
14,082 visits/mo
0.1 miles
Demographics for 48236, MI
31,286
Population
13,078
Households
2.4
Avg Household Size
45
Median Age
68%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
4,171
Density / Sq Mi
$130,776
Median Household Income
$69,959
Median Earnings
$1,588
Median Rent
$353,000
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 Detroit, MI
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Similar Off Market Nearby
- Trapp's Catering LLC — 6000 Hillcrest St, Grosse Pointe, MI 48236
Frequently Asked Questions
What type of property is this?
Restaurant - Former restaurant property available for sale.
Where is this restaurant located?
The property is located at 18536 E Warren Ave Detroit, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Former Restaurant Available; Property Available For Sale; Additional Property Details Available
