Restaurant and Retail
W 1360 W Fort Street Unit SourceFi Detroit, MI 48226
W 1360 W Fort Street Unit SourceFi, Detroit, MI, 48226
$520,000
For Sale
$520,000
Established restaurant property with dine-in seating, a self-serve station, and an included commercial kitchen plus an interior retail store.
Property Size2,504 SF
Price / SF$207.67
Days on Market275
Property Features for W 1360 W Fort Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,504 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
Dorsett Brokerage Development & Mgmt Group LLC
(313) 622-8292
Listed by
Jamel Dorsett
(313) 622-8292
Source
Xome
Added: Oct 18, 2025 Checked: Jul 18 at 2:14 am
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 Dorsett Brokerage Development & Mgmt Group LLC
Investment Insights
Based on property information with market context.
This sale includes a long-running restaurant business and the real estate. The space features a spacious dine-in seating area, a self-serve station, and a fully equipped commercial kitchen. A retail store is located inside the restaurant and can be leased immediately for additional revenue.
The property is described as a highly visible corner location with easy access to major roads and expressways, including the Detroit Riverfront, downtown, and the new Gordie Howe International Bridge development.
For an operator or developer, the seller also notes opportunities to continue the existing concept, expand the site, or build upward given the corner visibility.
The property is described as a highly visible corner location with easy access to major roads and expressways, including the Detroit Riverfront, downtown, and the new Gordie Howe International Bridge development.
For an operator or developer, the seller also notes opportunities to continue the existing concept, expand the site, or build upward given the corner visibility.
Key Highlights
- Business and real estate sold together at 1360 W Fort Street in Detroit’s Corktown district
- Restaurant has been in operation at this location for over 35 years
- Interior includes dine‑in seating area plus a self‑serve station
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.6k | $18.60 |
| − Vacancy | −$2.5k | −$1.00 |
| EGI | $44.1k | $17.60 |
| − OpEx | −$11.0k | −$4.40 |
| NOI | $33.0k | $13.20 |
2,504 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$472.1K
$413.1K – $550.8K
NOI $33,045 @ 7.0% cap · market cap 6.35%
Second Best
Retail
$440.6K
$385.5K – $514.0K
NOI $30,842 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$552.4K
$483.3K – $644.5K
NOI $38,667 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Haz Subs Salads ...
Food Market
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Established restaurant property with dine-in seating, a self-serve station, and an included commercial kitchen plus an interior retail store.
Where is this conventional restaurant located?
The property is located at W 1360 W Fort Street Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Business and real estate sold together at 1360 W Fort Street in Detroit’s Corktown district; Restaurant has been in operation at this location for over 35 years; Interior includes dine‑in seating area plus a self‑serve station
