Building Details

Building Size 2,127 SF

Year Built 1988

Buildings 1

Listing Agency: Keystone Commercial Real Estate

Listed By: Ferris Hamama · License #6501255590 Show Phone

Source: Keystonecres

Added: Jun 2 Changed: Oct 4 Last Checked: Oct 16 at 7:20AM

Report an Issue

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 Keystone Commercial Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This freestanding restaurant building contains 2,127 square feet and was constructed in 1988. Formerly operated as a Burger King, the property includes drive-thru infrastructure, dine-in capability, and on-site parking. B4 zoning supports its stated retail and street retail positioning.

The property occupies the corner of Livernois Ave and Grand River Ave in Detroit, Michigan, with convenient access just off I-96. Its existing restaurant-oriented configuration combines a standalone building, vehicle-oriented service, and parking in one commercial asset.

Key Highlights

• 2,127‑square‑foot freestanding restaurant building
• Built in 1988
• Existing drive‑thru and dine‑in configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,069

Cap Rate

2.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,380 $561.4K

Cap Rate 7%

$400,986 $401.0K

Cap Rate 9%

$311,878 $311.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,127 SF

Gross rent

$39.6K $18.60/SF

− Vacancy

−$2.1K −$1.00/SF

EGI

$37.4K $17.60/SF

− OpEx

−$9.4K −$4.40/SF

NOI

$28.1K $13.20/SF

Area

Detroit, MI

Vacancy

5.40%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,380

Cap Rate 7%

$400,986

Cap Rate 9%

$311,878

Alternative Uses

Best Use

Specialty Retail

$401.0K

$350.9K – $467.8K (±1% cap)

NOI $28,069 @ 7.0% cap · market cap 2.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$469.2K

$410.6K – $547.4K (±1% cap)

NOI $32,846 @ 7.0% cap · market cap 3.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

337

Businesses Nearby

61k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 78% Shops & Services 22%

McDonald's Dining

27,407 visits/mo 0.1 miles

Wendy's Dining

14,200 visits/mo 0.1 miles

BP Shops & Services

7,019 visits/mo 0.1 miles

KFC Dining

6,262 visits/mo 0.1 miles

BP Shops & Services

3,909 visits/mo 0.4 miles

Demographics for 48204, MI

21,738

Population

13,691

Households

1.6

Avg Household Size

37

Median Age

10%

College-Educated

83%

High-School Grad

5.0 sq mi

ZIP Area

4,348

Density / Sq Mi

$32,875

Median Household Income

$26,701

Median Earnings

$970

Median Rent

$53,600

Median Home Value

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019

9.2% 2020

8.5% 2021

7.3% 2022

7.9% 2023

7% 2024

7% 2025

Similar For Sale Nearby

See more

Renovated Drive-Through Restaurant Building

8997 Greenfield Rd, Detroit, MI 48228

$985,000

1,800 SF

View details

Upgraded Coney Island Restaurant

1350 W Fort St, Detroit, MI 48226

$699,000

2,429 SF

View details

Remodeled Conventional Restaurant

15621 W Warren Ave, Detroit, MI 48228

$450,000

View details

Established Restaurant in Corktown Detroit

1360 W Fort St, Detroit, MI 48226

$520,000

2,504 SF

View details

Freestanding Restaurant Property

15921 W Seven Mile Rd, Detroit, MI 48235

$375,000

3,000 SF

View details

B4-Zoned Restaurant Building

19740 W. 7 Mile Rd, Detroit, MI 48219

Contact for pricing

2,068 SF

View details

Conventional Restaurant Property

7409 Harper Ave, Detroit, MI 48213

$45,000

2,690 SF

View details

Mixed-Use Building with Storefronts

14318 E Jefferson Avenue, Detroit, MI 48215

$749,900

5,874 SF

View details

Freestanding Restaurant Building

15535 W McNichols Rd, Detroit, MI 48235

$150,000

3,200 SF

View details

Renovated Restaurant with Commercial Kitchen

19163 Livernois Ave, Detroit, MI 48221

Contact for pricing

1,862 SF

View details

Turnkey Restaurant Opportunity on Warren

17420 E Warren Ave, Detroit, MI 48224

$595,000

4,980 SF

View details

Mixed-Use Property with Commercial Kitchen

12712 Plymouth Road, Detroit, MI 48227

$280,000

4,000 SF

View details

Frequently Asked Questions

What type of property is this?

Drive through restaurant - Freestanding B4-zoned restaurant property with drive-thru service, dine-in capacity, and on-site parking.

Where is this drive through restaurant located?

The property is located at 9871 Livernois Ave Detroit, MI.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 2,127‑square‑foot freestanding restaurant building; Built in 1988; Existing drive‑thru and dine‑in configuration