Profitable Restaurant Business
For Sale
Contact for pricing
2030 W Stadium Blvd, Ann Arbor, MI 48103
Established restaurant business for sale in a prime location.
Property Size2,700 SF
Price / SF$222.22
Days on Market1644
Property Features for 2030 W Stadium Blvd
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Business for Sale
Lease Type
Modified Gross
Listing Agency:
Colliers - Ann Arbor, Michigan
(734) 994-3100
Listed By:
Jim Chaconas · License #MI 6502358011
Source:
Crexi
Added: Feb 9, 2022
Changed: Aug 11
Last Checked: May 19 at 9:00PM
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 Colliers - Ann Arbor, Michigan
Investment Insights
Based on property information with market context.
A profitable restaurant business opportunity is available on West Stadium Blvd in Ann Arbor. Dimo's Deli & Donuts, a family-owned business, has been serving the community for 48 years. This turnkey operation includes all equipment in excellent working condition and a loyal customer base. The current owner is willing to provide training to ensure a smooth transition. Located in Washtenaw County, Ann Arbor has a vibrant food scene and a strong economic foundation. This business opportunity is ideal for entrepreneurs looking to enter the food and beverage industry or expand their current portfolio. The property size is 2700 square feet.
Key Highlights
- Well‑established, profitable restaurant business (Dimo's Deli & Donuts) with 48 years of operation.
- Turnkey operation with all equipment in excellent working condition.
- Prime location on West Stadium Blvd in Ann Arbor.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,593
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$711,860
$711.9K
Cap Rate 7%
$508,471
$508.5K
Cap Rate 9%
$395,478
$395.5K
Market Conditions
NOI Build-Up for 2,700 SF
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.
Gross rent
$50.2K $18.60/SF
− Vacancy
−$2.8K −$1.02/SF
EGI
$47.5K $17.58/SF
− OpEx
−$11.9K −$4.39/SF
NOI
$35.6K $13.18/SF
Area
Ann Arbor, MI
Vacancy
5.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$711,860
Cap Rate 7%
$508,471
Cap Rate 9%
$395,478
Alternative Uses
Best Use
Specialty Retail
$508.5K
$444.9K – $593.2K
NOI $35,593 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$596.3K
$521.8K – $695.7K
NOI $41,742 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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- Holiday's Restaurant — 2080 W Stadium Blvd, Ann Arbor, MI 48103
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Established restaurant business for sale in a prime location.
Where is this breakfast & diner located?
The property is located at 2030 W Stadium Blvd Ann Arbor, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Well‑established, profitable restaurant business (Dimo's Deli & Donuts) with 48 years of operation.; Turnkey operation with all equipment in excellent working condition.; Prime location on West Stadium Blvd in Ann Arbor.
