Corner Restaurant
For Sale
$399,900
9504 VIENNA RD, Otisville, MI 48463
Former bar and restaurant positioned on a visible corner lot with potential for several commercial uses, subject to local zoning.
Property Size2,560 SF
Price / SF$156.21
Days on Market17
Property Features for 9504 VIENNA RD
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Industrial
Additional Details
Corner Location
Yes
Amenities
8624183257239
Listing Agency:
(248) 297-5551
Listed By:
The Brokerage Real Estate Enthusiasts
(248) 297-5551
Source:
Xome
Added: Jul 20
Changed: Aug 2
Last Checked: Aug 5 at 4:26AM
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 The Brokerage Real Estate Enthusiasts
Investment Insights
Based on property information with market context.
This 2560 SF commercial property was previously operated as a bar and restaurant and occupies a corner lot at 9504 Vienna Road in Otisville, Michigan. Its existing restaurant-oriented configuration provides a foundation for continued food-service use, while the property may also support retail, office, event venue, or redevelopment plans, subject to local zoning requirements.
The site is positioned for exposure to passing traffic, with its corner placement contributing to visibility from surrounding approaches. The property’s location and adaptable commercial profile support evaluation by restaurant operators, retail users, office users, and other businesses seeking a freestanding commercial setting.
The site is positioned for exposure to passing traffic, with its corner placement contributing to visibility from surrounding approaches. The property’s location and adaptable commercial profile support evaluation by restaurant operators, retail users, office users, and other businesses seeking a freestanding commercial setting.
Key Highlights
- 2560 SF former bar and restaurant property
- Corner‑lot position at 9504 Vienna Road
- Visible location with traffic exposure
Financial Insights For 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 | $39.6k | $15.48 |
| − Vacancy | −$1.7k | −$0.65 |
| EGI | $38.0k | $14.83 |
| − OpEx | −$11.4k | −$4.45 |
| NOI | $26.6k | $10.38 |
2,560 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$379.6K
$332.2K – $442.9K
NOI $26,575 @ 7.0% cap · market cap 6.65%
Second Best
Specialty Retail
$324.3K
$283.7K – $378.3K
NOI $22,699 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$538.7K
$471.4K – $628.5K
NOI $37,708 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48463, MI
4,423
Population
1,902
Households
2.3
Avg Household Size
49
Median Age
18%
College-Educated
89%
High-School Grad
33.3 sq mi
ZIP Area
133
Density / Sq Mi
$69,893
Median Household Income
$38,451
Median Earnings
$835
Median Rent
$179,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former bar and restaurant positioned on a visible corner lot with potential for several commercial uses, subject to local zoning.
Where is this conventional restaurant located?
The property is located at 9504 VIENNA RD Otisville, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2560 SF former bar and restaurant property; Corner‑lot position at 9504 Vienna Road; Visible location with traffic exposure
