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    OFF-MARKET
    Retail properties & Spaces

    607 Shelby St, Detroit, MI 48226

    6,400 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6,400 square foot restaurant space, located at 607 Shelby St, Detroit, MI 48226, presents a unique acquisition opportunity in the heart of the Central Business District. Situated on the hard corner of Shelby and Congress Streets, this three-level property boasts a prime location with high visibility. The space is comprised of 3,600 square feet of ground and first-floor dining area, complemented by a stunning 2,000 square foot second-floor "Skybridge" dining area offering breathtaking views overlooking Shelby Street. An additional 800 square feet of fully utilized basement storage provides ample space for inventory and supplies. The property underwent renovations in 2022 and includes an elevator for convenient access to all three levels. The building is currently vacant, offering a blank canvas for a new culinary venture. A 10-year lease with three 5-year renewal options, commencing September 2021, is in place, providing a potential contract term of 22 years. The acquisition price is $1,200,000. This is an unparalleled opportunity to establish a thriving restaurant business in one of Detroit's most desirable locations.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 6,400 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
    • Phoenix Flames Co Clothing Store
    • JSB Business Solutions Group Business Management Consultant
    • A|Squared Legal Group, PLC Law Firm
    • TYMEYT Corporation (Bike/Boat/Book/etc) Store Corporate Office
    • shelby Bar & Pub Nightclub
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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