Property summary
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
VerifiedCap rate & NOI
Current use
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Clothing Store
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Business Management Consultant
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Law Firm
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(Bike/Boat/Book/etc) Store Corporate Office
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Bar & Pub Nightclub
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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