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    New Buildout For Restaurant Dearborn, MI 48121

    Sponsored
    For Sale
    $299,999

    Detroit Restaurant - $299,999

    Property size:
    2,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2,180-square-foot restaurant in Detroit, Michigan, presents a unique opportunity for immediate operation. Located on the historic Avenue of Fashion on Livernois, this completely renovated standalone building boasts both indoor and outdoor seating. The interior features a 12-foot hood, pizza oven, two prep coolers, two two-door refrigerators, and two fryers. The space comfortably seats 40 inside, with an additional 30 seats available on the spacious patio. The current lease is transferable, offering one year remaining with a five-year option. The asking price is $299,999, with a monthly rent of $2,600. The property is situated in Wayne County, Michigan, zip code 48121, and offers a fantastic opportunity for a new restaurant owner to step into a fully equipped and established location. The building's recent renovation includes new ductwork, ensuring a modern and efficient operation. This turnkey solution eliminates the need for extensive build-out costs and allows for immediate focus on business operations. The property's prime location on a historic avenue promises high visibility and foot traffic. The lease terms provide both immediate occupancy and long-term security.

    Property Features for 0 New Buildout For Restaurant

    General Information

    Property type
    Restaurants
    Square Feet
    2,180 SF

    HighLights

    • 12‑foot hood system
    • Pizza oven
    • Two prep coolers
    • Two two‑door refrigerators
    • Two fryers
    • Full- and part‑time employee capacity
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.19
    Latitude
    42.3100039

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    FAQs

    What type of property is this?
    Restaurant - Detroit Restaurant - $299,999
    Where is this restaurant located?
    The property is located at New Buildout For Restaurant Dearborn, MI.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: 12-foot hood system; Pizza oven; Two prep coolers
    Request Owner's contact information
    New Buildout For Restaurant Dearborn, MI 48121
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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
    New Buildout For Restaurant Dearborn, MI 48121
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