607 Shelby St, Detroit, MI 48226
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.
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shelby Bar & Pub Nightclub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.