Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    20240 Plymouth Rd Detroit, MI 48228

    For Sale
    $575,000

    Vacant Restaurant, Redevelopment Potential

    Property size:
    2,413 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 2,413 square foot vacant commercial property, a former Burger King, is available for $575,000. Located at 20240 Plymouth Road in Detroit, Michigan (zip code 48228), this fee simple ownership includes the land and building. Built in 1992, the property sits on a 0.7-acre lot and boasts 36 parking spaces. The B-4 General Business zoning allows for a variety of redevelopment options. Its prime location along Plymouth Road, a major retail corridor, offers excellent visibility and accessibility. The property benefits from its proximity to State Highway 39 (173,000 vehicles per day) and Interstate 96 (169,100 vehicles per day), ensuring high traffic volume. The drive-thru is already in place, presenting a significant advantage for quick-service restaurants or similar businesses. The strong demographics within a 5-mile radius further enhance the property's investment potential. The property's APN is 22005597-9. This is an exceptional opportunity for owner-users or developers seeking a high-traffic location with significant redevelopment potential. The price per square foot is $238.29.

    Property Features for 20240 Plymouth Rd

    General Information

    Property type
    Restaurants
    Square Feet
    2,413 SF
    Lot Size
    30,492 SF

    Building Details

    Year Built
    1992

    HighLights

    • Excellent redevelopment opportunity; 2,413 SF former Burger King; B‑4 General Business zoning.
    • Plymouth Road location; drive‑thru; high traffic counts (M‑39: 173,000 VPD, I‑96: 169,100 VPD).
    • Major retail corridor; proximity to major employers.
    • Strong demographics within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burger King Restaurant

    Suggested Use

    Realty agency Law Firm 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
    -83.2397069
    Latitude
    42.3722143

    Nearby Similar for Sale

    • New
      $4,500,000
      48,336 SF

      Detroit Multifamily Investment Opportunity

      Sixty-unit apartment complex near Dearborn, MI, with Section 8 tenants.
      15860 Joy Rd, Detroit, MI 48228
      View Details
    • $4,500,000
      36,221 SF

      Detroit Multifamily Investment Opportunity

      Sixty-unit multifamily property in Detroit's Oakman Boulevard neighborhood.
      15860 Joy Rd, Detroit, MI 48228
      View Details
    • $2,238,350
      24,912 SF

      Detroit Investment Property Package Deal

      Package deal featuring tenant-occupied and vacant homes in Detroit.
      326 Eastlawn St, Detroit, MI 48215
      View Details
    • $425,000
      6,616 SF

      Farwell Commercial/Industrial Property For Sale

      Office, business center, and bay garages in Farwell, Michigan.
      2655 W Ludington Dr, Farwell, MI 48622
      View Details
    • $345,000
      0.12 Acres

      Detroit Duplex in Boston-Edison

      Well-maintained duplex with strong rental potential in Historic Boston-Edison.
      1665 Atkinson St, Detroit, MI 48206
      View Details
    • $1,499,000
      3,800 SF

      Turn-Key Dispensary on Large Lot

      Fully licensed dispensary with drive-thru and ample parking for sale.
      5540 E 8 Mile Rd E, Detroit, MI 48091
      View Details

    FAQs

    What type of property is this?
    Restaurant - Vacant Restaurant, Redevelopment Potential
    Where is this restaurant located?
    The property is located at 20240 Plymouth Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Excellent redevelopment opportunity; 2,413 SF former Burger King; B-4 General Business zoning.; Plymouth Road location; drive-thru; high traffic counts (M-39: 173,000 VPD, I-96: 169,100 VPD).; Major retail corridor; proximity to major employers.
    Request Owner's contact information
    20240 Plymouth Rd Detroit, MI 48228
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20240 Plymouth Rd
    Detroit, MI 48228
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    20240 Plymouth Rd Detroit, MI 48228
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.