Property profile

41190 Frd Rd Canton, MI 48187

OFF-MARKET
Turn key restaurants
Property ID
US43-1029154
5,994 SF 2.68 ac lot Built 2003
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A, free-standing retail building, totaling 5,662 square feet, is ideally situated at 41190 Ford Rd in Canton, Michigan, within Wayne County. Built in 2003, the property boasts a spacious 1.337-acre lot and offers ample parking with 86 spaces. Currently vacant, this single-tenant space presents a unique opportunity for a restaurant operator seeking a high-visibility location. The building is zoned C-4 (Interchange Service Commercial), allowing for a variety of uses within this designation. The property's prime location and substantial size make it an attractive investment for businesses seeking to establish a strong presence in a thriving Canton community. The building's modern design and ample parking ensure a convenient and comfortable experience for customers. With its convenient access and high visibility, this property is poised for immediate occupancy and success. The property's size and zoning provide flexibility for a variety of restaurant concepts. Serious inquiries are encouraged to explore this exceptional opportunity. The address is 41190 Ford Rd, Canton, MI 48187.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2003
Total area 5,994 SF
Lot 2.68 ac (116,741 SF)
Zoning code C-4
APN 71 047 99 0005 001
UPID US43-1029154

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

41190 Frd Rd Canton, MI 48187-3659
Canton metro Census 563900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.27M
Blend (final) Blend
$1.41M

Owner & transaction history

since 2016
1 recorded transaction
2016
$1.4M

Zoning & alternative use

C-4 · Canton, MI
Zoning description

C-2, COMMUNITY COMMERCIAL DISTRICT ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT Expand ARTICLE 17.00. - C-3, REGIONAL COMMERCIAL DISTRICT ARTICLE 17.00. - C-3, REGIONAL COMMERCIAL DISTRICT Expand ARTICLE 18.00. -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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