Wayne County Suburb Liquor Store Detroit, MI 48202
- Retail properties
- 6,000 SF
- 0.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Wayne County Suburb Liquor Store
- Lot size
- 0.25 lot acres
- Property size
- 6,000 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This well-established Detroit liquor store, operating for over 30 years, presents a unique investment opportunity. The 6,000 square-foot building sits on a 0.25-acre lot in a high-traffic area with ample parking. Currently under the same ownership for four years, the business boasts a strong foundation but requires an owner-operator to reach its full potential. The sale includes both the real estate and the liquor license, offering significant value. An additional unit on the property provides options for expansion or leasing, generating further income streams. Adding hot food service is projected to significantly boost sales. The asking price is $799,999, with financing available: $300,000 down payment, amortized over 10 years at 8% interest, including a balloon payment due in 5 years. The seller is offering training to ensure a smooth transition for the new owner. This is an exceptional chance to acquire a turnkey business with substantial growth opportunities in a desirable Detroit location. The current owner is selling due to unforeseen family health issues. Normal competition exists in the area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0737
- Latitude
- 42.3665
