Property profile

18536 Warren Ave Detroit, MI 48236

OFF-MARKET
Retail properties & Spaces
2,000 SF 0.21 ac lot
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Property summary

AI-generated overview

This 2,000 square foot freestanding restaurant building is available for sale at $495,000. Located at 18536 E Warren Ave in Detroit, Michigan (48236), this vacant property sits on a 0.21-acre lot and is zoned R1. The building boasts a wealth of features ideal for a restaurant operator, including dedicated parking, monument signage, and two points of ingress/egress, ensuring convenient access for customers and staff. The property's strategic location offers significant advantages. It's in close proximity to Ascension St. John Hospital, serving the Grosse Pointe and surrounding communities. This high-traffic area already features a strong mix of national tenants, including Starbucks and Chipotle, further enhancing the property's appeal. A planned Taco Bell corporate store directly adjacent to the property promises increased foot traffic and visibility. The building is fully equipped, representing a significant opportunity for a quick and efficient restaurant launch. The absence of a remaining lease term provides complete flexibility for the new owner. This is a rare opportunity to acquire a well-positioned, fully equipped restaurant in a thriving commercial corridor.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,000 SF
Lot 0.21 ac (9,148 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

18536 Warren Ave Detroit, MI 48236
Detroit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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