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    1224 Randolph St Detroit, MI 48226

    Sponsored
    For Sale
    Contact for pricing

    Prime Detroit location, 6,300 sq ft, turnkey restaurant.

    Property size:
    6,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,300-square-foot restaurant space, located at 1224 Randolph Street in Detroit, Michigan, presents a unique opportunity for food and beverage entrepreneurs. Built in 1929 and renovated in 2013, this single-tenant property boasts a rich history and modern amenities. The building, situated on a 0.05-acre lot (2,198 square feet), is zoned B4 and features one two-story building. The interior is in excellent condition and includes existing restaurant equipment such as a hood system, pizza oven, and coolers, making it a truly turnkey operation. A potential outdoor patio adds to the property's appeal, capitalizing on its prime downtown location. Additional features include a rear delivery area and ample street parking. Building signage is also available. The lease rate is $30.00 per square foot, NNN. The sale price is available upon request. This property offers a rare blend of historical charm and modern functionality, ideal for a thriving restaurant or bar concept.

    Property Features for 1224 Randolph St

    General Information

    Property type
    Restaurants
    Square Feet
    6,300 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built/Renovated
    1929/2013
    Buildings
    1
    Stories
    2

    HighLights

    • 6,300 square feet available.
    • Existing restaurant equipment including hood system, pizza oven, and coolers.
    • Potential outdoor patio in prime downtown location.
    • Turnkey restaurant/bar opportunity.
    • Rear delivery area.
    • Ample street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Great Lakes Burger ... Restaurant Giordano's Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0446227
    Latitude
    42.3345012

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    FAQs

    What type of property is this?
    Restaurant - Prime Detroit location, 6,300 sq ft, turnkey restaurant.
    Where is this restaurant located?
    The property is located at 1224 Randolph St Detroit, MI.
    What are key features of this property?
    This property features: 6,300 square feet available.; Existing restaurant equipment including hood system, pizza oven, and coolers.; Potential outdoor patio in prime downtown location.
    Request Owner's contact information
    1224 Randolph St Detroit, MI 48226
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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
    1224 Randolph St Detroit, MI 48226
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