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Property profile & analytics
OFF-MARKET
Turn key restaurants

13101 Warren Ave Detroit, MI 48215-2016

890 SF 0.16 ac lot Built 1953
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US43-0374994
Property summary
AI-generated overview

This 1,100-square-foot restaurant space, located at 13101 E Warren Avenue in Detroit, Michigan, is available for $49,000. The property sits on a 0.16-acre lot and is ideal for a fast-food or specialty food establishment. The building features a masonry brick exterior and tile flooring, offering a durable and low-maintenance environment. Key features include a secure gating system, a walk-in cooler, and a hood top, enhancing operational efficiency. A service counter with plexiglass is also present. This owner-user opportunity is situated in a high-traffic area, with an average of 10,359 vehicles passing the intersection of E Warren and Dickerson St SW, and 10,716 vehicles passing the intersection of E Warren and Dickerson St NE. The surrounding area boasts a population of 285,509, with an average household income of $60,597 and a median age of 36, presenting a strong potential customer base. Leasing is not an option for this property. The property is currently vacant and ready for immediate occupancy. This is a unique opportunity to establish a thriving business in a vibrant Detroit neighborhood. The price per square foot is $44.55.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1953
Total area 890 SF
Lot 0.16 ac (6,970 SF)
Zoning code B4
APN 21002698-9
UPID US43-0374994
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
  • Jaan's Pizza Fish & Chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Barakah Property LLC · 1 yrs held
Barakah Property LLC
since 2024
Last sale
$32,000
3 recorded transactions
2024
$32,000
2013
$9,000
2013
Price N/A
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61…

Zone name General Business District
General category COMMERCIAL
Zone area 3,533.46 ac
Source code of ordinances
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