1224 Randolph St Detroit, MI 48226-2247
This exceptional 6,300-square-foot retail or restaurant space is located at 1224 Randolph Street in the heart of Detroit, Michigan. The property, situated on a 0.05-acre lot (APN 01-003928), boasts a charming two-story building constructed in 1929 and extensively renovated in 2013. The building is zoned B-4, offering flexibility for a variety of commercial uses. Currently vacant, the entire 6,300 square feet is available for immediate occupancy. The property's previous use as a restaurant/bar is reflected in the existing commercial kitchen equipment, including a hood system, pizza oven, and coolers, all remaining in place. This presents a unique opportunity for a seamless transition into a similar operation or adaptation for another commercial venture. The property's prime downtown location offers significant potential for outdoor seating, with the possibility of developing a patio area. This single-tenant building presents a rare opportunity to acquire a well-maintained, historically significant property in a thriving Detroit neighborhood. The property is located in Wayne County, Michigan, with a zip code of 48226. The building's excellent condition and existing infrastructure make it an attractive investment for a discerning buyer.
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Great Lakes Burger & Pizza Bar Restaurant
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Giordano's Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
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.