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    38944 Dequindre Rd Sterling Heights, MI 48310

    Sponsored
    For Sale
    $140,000

    Established eatery, high-traffic plaza, strong revenue.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This Class A, 1-unit restaurant in Sterling Heights, Michigan, presents a compelling investment opportunity. Located at 38944 Dequindre Rd, 48310, in Macomb County, this established business boasts a prime location within a busy plaza. The restaurant specializes in traditional cuisine and enjoys a strong reputation, evidenced by excellent customer reviews. Financial records show an annual gross revenue of $240,000 (or $20,000 monthly) with monthly expenses totaling $15,000, including utilities. The current lease has four years remaining, with a monthly rent of $2,500. The sale includes four dedicated staff members, whose annual payroll is $50,000, and whom the new owner may choose to retain. This turnkey operation offers immediate income potential and a solid foundation for continued growth. The asking price for this exceptional business is $140,000. This is a rare chance to acquire a profitable, well-established restaurant in a high-demand area.

    Property Features for 38944 Dequindre Rd

    General Information

    Property type
    Lifestyle centers
    Class
    A

    Building Details

    Units
    1

    HighLights

    • Class A, 1‑unit restaurant in Sterling Heights, MI.
    • Located at 38944 Dequindre Rd, Sterling Heights, MI 48310, in a busy plaza.
    • Established restaurant with strong customer reviews and $240,000 annual gross revenue.
    • $2,500/month rent with four years remaining on the lease.
    • Asking price: $140,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0883626
    Latitude
    42.5777723

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    FAQs

    What type of property is this?
    Lifestyle center - Established eatery, high-traffic plaza, strong revenue.
    Where is this lifestyle center located?
    The property is located at 38944 Dequindre Rd Sterling Heights, MI.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Class A, 1-unit restaurant in Sterling Heights, MI.; Located at 38944 Dequindre Rd, Sterling Heights, MI 48310, in a busy plaza.; Established restaurant with strong customer reviews and $240,000 annual gross revenue.
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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
    38944 Dequindre Rd Sterling Heights, MI 48310
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