15050 Southfield Rd Allen Park, MI 48101
Property profile & analytics
15050 Southfield Rd Allen Park, MI 48101
- Drive through restaurants
- 4,488 SF
- 1.25 lot acres
Property ID
US43-0100708
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Krispy Kreme / Restaurant / Take-out & Catering
Property Details for 15050 Southfield Rd
- Year built
- 2003
- Lot size
- 1.25 lot acres
- Property size
- 4,488 SF
- Zone code
- C 4
- Property type
- Drive through restaurants
- APN
- 30 011 02 1435 002
- APU
- 30011021435002
Description
Exceptional investment opportunity: A 4,488 sq ft Krispy Kreme in Allen Park, MI, presents a compelling net lease offering. This fee-simple ground lease boasts a 5.25% cap rate and a strong NOI of $119,381. The corporate-guaranteed lease with Krispy Kreme Doughnut Corporation extends to October 31, 2028, with two 5-year options featuring CPI rent bumps. Situated on a 1.1-acre lot at 15050 Southfield Rd (48101), this drive-thru location benefits from high visibility and traffic counts exceeding 61,700 vehicles daily. The property enjoys excellent access to major highways (I-75, I-94, M-85) and is surrounded by a dense retail environment including Kroger, Target, and Home Depot, along with significant residential populations. The lease commenced November 1, 2003, and the ground lease expires concurrently with the building lease. This management-free investment provides a passive income stream with built-in growth potential, supported by a renowned brand and a thriving location within the Detroit MSA. The property's strong performance is further evidenced by its ranking in the top 85th percentile of Michigan bakeries and dessert shops for annual visits. This presents a rare opportunity to acquire a well-established, high-performing asset with significant long-term value.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $740,000
- AI Estimate
- $740,000
Market price range: $282k - $740kMarket price range: $282k - $740k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $465,000 Current use
- COMMERCIAL (GENERAL)
- $495,000 Change: +6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Allen Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2012
- Latitude
- 42.258
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,477
$0.00
$0.00
$551,800
-
$0.00
$0.00
$1,103,600
