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    OFF-MARKET
    Commercial real estate

    23202 Greater Mack Ave, St. Clair Shores, MI 48080

    1,000 SF 1.04 ac lot Built 1960
    Property ID
    Property summary
    AI-generated overview

    This exceptional business opportunity presents a fully operational, turnkey cheesesteak restaurant located at 23202 Greater Mack Ave, St. Clair Shores, Michigan 48080. The 1,000 square foot space boasts a brand new build-out and is situated on a 1.04-acre lot. The property, built in 1960, is zoned B-3 and features a single story building with 100% occupancy. Included in the sale are all equipment, coolers, stoves, and utensils. The asking price for the business and its equipment is $285,000. Alternatively, the business, including all equipment, is available for $135,000 with a three-year lease at $2,000 per month. This prime location in Macomb County offers significant potential for continued success. The property's parcel number is 09-14-34-135-018. This is a rare opportunity to acquire a thriving, established business with a proven track record. The business has been voted "Best Pizza in St. Clair Shores," indicating strong community support and brand recognition. Don't miss this chance to own a successful, established restaurant in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1960
    Total area 1,000 SF
    Lot 1.04 ac (45,302 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Philly’s Original Cheesesteaks Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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