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    18536 Warren Ave Detroit, MI 48236

    Sponsored
    For Sale
    $495,000

    Prime Restaurant Space, Fully Equipped, Vacant.

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2,000 square foot freestanding restaurant building is available for sale at $495,000. Located at 18536 E Warren Ave in Detroit, Michigan (48236), this vacant property sits on a 0.21-acre lot and is zoned R1. The building boasts a wealth of features ideal for a restaurant operator, including dedicated parking, monument signage, and two points of ingress/egress, ensuring convenient access for customers and staff. The property's strategic location offers significant advantages. It's in close proximity to Ascension St. John Hospital, serving the Grosse Pointe and surrounding communities. This high-traffic area already features a strong mix of national tenants, including Starbucks and Chipotle, further enhancing the property's appeal. A planned Taco Bell corporate store directly adjacent to the property promises increased foot traffic and visibility. The building is fully equipped, representing a significant opportunity for a quick and efficient restaurant launch. The absence of a remaining lease term provides complete flexibility for the new owner. This is a rare opportunity to acquire a well-positioned, fully equipped restaurant in a thriving commercial corridor.

    Property Features for 18536 Warren Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,000 SF
    Lot Size
    9,148 SF

    HighLights

    • Fully equipped freestanding restaurant building.
    • Ample dedicated parking available.
    • Prominent monument signage opportunity.
    • Two convenient points of ingress and egress.
    • Excellent location near Ascension St. John Hospital.
    • Serves the Grosse Pointe area and surrounding communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency 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
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9139117
    Latitude
    42.4117168

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, Fully Equipped, Vacant.
    Where is this restaurant located?
    The property is located at 18536 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: Fully equipped freestanding restaurant building.; Ample dedicated parking available.; Prominent monument signage opportunity.
    Request Owner's contact information
    18536 Warren Ave Detroit, MI 48236
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    Detroit, MI 48236
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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
    18536 Warren Ave Detroit, MI 48236
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