Liquor Store In Wayne County Allen Park, MI 48101
- Retail properties
- 2,040 SF
- 0.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Liquor Store In Wayne County
- Year built
- 1979
- Lot size
- 0.25 lot acres
- Property size
- 2,040 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This established Allen Park, MI liquor store, operating for 30 years, presents a fantastic investment opportunity. The 2,040 sq ft freestanding building sits on a 0.25-acre lot with 9 parking spaces, enjoying high visibility on a busy four-lane road. Recent improvements include a new roof ($9,000) and new cooler compressors ($10,000). The current owner is retiring and offers training to a qualified buyer. The business operates with one full-time and two part-time employees, currently maintaining hours of Monday-Thursday 10 am-10 pm, Friday-Saturday 10 am-12 am, and Sunday 12 pm-10 pm. Significant growth potential exists through extended hours, added services (like check cashing), and increased advertising. The asking price is $349,999, and financing is negotiable with 30% down. The current NNN lease is $2,500/month, with annual insurance at $4,300 and taxes at $5,700. Inventory is not included in the asking price. The closest competition is half a mile away. This turnkey operation is ready for a new owner to step in and capitalize on its established success.
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
- Allen Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2185
- Latitude
- 42.2427
