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Property profile & analytics
FOR SALE
Turn key restaurants

1341 Springwells St Detroit, MI 48209

9,472 SF 0.38 ac lot Built 1971
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US43-1716624
Property summary
AI-generated overview

This exceptional 9,472-square-foot commercial property, located at 1341 Springwells Street in Detroit, Michigan, presents a unique investment opportunity. Formerly housing Vince's Italian Restaurant, this vacant building sits on a 0.49-acre lot and boasts 40+ off-street parking spaces within a gated area. The property features a single-story building constructed in 1971, zoned B4 General Business District, offering significant potential for various commercial uses or redevelopment. Its prime location in southwest Detroit provides easy access to major expressways and downtown, benefiting from a high-density residential neighborhood and proximity to the Gordie Howe International Bridge. The property includes two parcels: 20005579-83 and 20005584. A Class C liquor license is available. Seller financing is also an option. This property's strategic location within a rapidly developing area makes it an attractive investment for both owner-users and developers. The substantial lot size and existing building provide ample space for a variety of commercial ventures. The property's history as a successful restaurant further underscores its potential for continued success. Additional adjacent parcels are also available for purchase, expanding the potential scope of this investment. These include vacant lots and a storage building, offering further development opportunities. This is a rare chance to acquire a significant commercial property in a thriving Detroit neighborhood.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1971
Total area 9,472 SF
Lot 0.38 ac (16,553 SF)
Zoning code B4
APN 20005579-83
UPID US43-1716624
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
  • Vince's Italian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Perfili Detroit LLC · 1 yrs held
Perfili Detroit LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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