Operating Drive-Through Restaurant
For Sale
$400,000
undisclosed Boulevard, Melvindale, MI 48122
Commercial Sale, Melvindale, MI
Property Size1,200 SF
Lot Size0.08 Acres
Price / SF$333.33
Days on Market94
Property Features for undisclosed Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Melvindale-Northern Allen Park
Middle school district
Melvindale-Northern Allen Park
High school district
Melvindale-Northern Allen Park
Standard status
Active
APN
99999999
Size
1,200 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2954
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Building materials
Brick
Listing Agency:
Waison Realty LLC
Listed By:
Ibrahim Sharif
(313) 208-2653
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 22 at 4:06PM
MLS# 26037558
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This offering combines an operating fast-food restaurant business with the real estate used for its operation. The approximately 1,200-square-foot property sits on 0.08 acres and includes furniture, fixtures, and equipment associated with the restaurant. The building was constructed in 1950 with brick exterior materials, forced-air heating, broadband, cable availability, and a bathroom.
The property is located in Melvindale, Michigan, within Wayne County. The address and additional business and financial details are available only after execution of a Non-Disclosure Agreement. The sale structure includes both the operating business and the underlying real estate.
The property is located in Melvindale, Michigan, within Wayne County. The address and additional business and financial details are available only after execution of a Non-Disclosure Agreement. The sale structure includes both the operating business and the underlying real estate.
Key Highlights
- Operating fast‑food restaurant business included with the real estate
- Approximately 1,200 square feet on 0.08 acres
- Furniture, fixtures, and equipment included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,552
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,040
$311.0K
Cap Rate 7%
$222,171
$222.2K
Cap Rate 9%
$172,800
$172.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$864 −$0.72/SF
EGI
$20.7K $17.28/SF
− OpEx
−$5.2K −$4.32/SF
NOI
$15.6K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,040
Cap Rate 7%
$222,171
Cap Rate 9%
$172,800
Alternative Uses
Best Use
Specialty Retail
$222.2K
$194.4K – $259.2K
NOI $15,552 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 34%
Hotels & Casinos 12%
Dollar General
Shops & Services
10,971 visits/mo
0.4 miles
Tim Hortons
Dining
7,684 visits/mo
0.4 miles
Red Roof Inn & Suites Detroit - Melvindale/Dearborn
Hotels & Casinos
2,356 visits/mo
0.2 miles
U-Haul
Shops & Services
1,147 visits/mo
0.5 miles
Budget Inn
Hotels & Casinos
468 visits/mo
0.5 miles
Demographics for 48122, MI
12,825
Population
4,693
Households
2.7
Avg Household Size
32
Median Age
15%
College-Educated
70%
High-School Grad
2.7 sq mi
ZIP Area
4,750
Density / Sq Mi
$41,356
Median Household Income
$30,744
Median Earnings
$1,116
Median Rent
$113,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Sale includes the operating business, real estate, and restaurant equipment.
Where is this drive through restaurant located?
The property is located at undisclosed Boulevard Melvindale, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Operating fast‑food restaurant business included with the real estate; Approximately 1,200 square feet on 0.08 acres; Furniture, fixtures, and equipment included in the sale
