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    OFF-MARKET
    Retail properties & Spaces

    123 Confidential, Detroit, MI 48203

    3,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A, 3,000 square foot entertainment venue in Detroit, Michigan is available for $1,350,000. Completely renovated in 2023, this single-tenant property boasts a stylish bar, a fully equipped modern kitchen, and luxurious seating for up to 144 guests. Currently operating at 100% occupancy, it offers a truly turnkey operation with a coveted Cabaret License (D) and Liquor License (C), plus the potential for a cigar license. The building is fully equipped for a cigar lounge, adding to its versatility. All new, state-of-the-art equipment is included. Two on-site parking lots provide ample parking for patrons. Conveniently located in Detroit (bordering Ferndale and Hazel Park) with easy freeway access, this high-traffic location presents a rare investment opportunity in a thriving entertainment district. The sale includes real estate and furniture, fixtures, and equipment (FF&E). The seller will consider an asset/license sale for $500,000 with a favorable leaseback. Creative financing options are available for qualified buyers. This is a premium establishment designed for a luxurious and vibrant guest experience. The investment made significantly exceeds the asking price.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 3,000 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
    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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