16006 Southfield Rd Allen Park, MI 48101
Property profile & analytics
16006 Southfield Rd Allen Park, MI 48101
- Bars & Pubs
- 4,400 SF
- 0.53 lot acres
Property ID
US43-1974979
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
- Live Action / Nightclub / Music Venue
- Caribou Coffee / Cafe & Coffee Shop
Property Details for 16006 Southfield Rd
- Year built
- 1948
- Lot size
- 0.53 lot acres
- Property size
- 4,400 SF
- Zone code
- C 5
- Property type
- Bars & Pubs
- Property subtype
- Pubs
- APN
- 30 008 02 0088 000
- APU
- 30008020088000
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 600-square-foot Caribou Coffee located at 16006 Southfield Rd, Allen Park, MI 48101. The property sits on a 0.53-acre lot and boasts a 15-year absolute NNN ground lease with two, five-year renewal options, significantly reducing landlord responsibilities. Rent increases by 10% every five years, ensuring consistent income growth. The property benefits from a prime location, less than half a mile from I-75, within a high-density area exceeding 298,000 residents within a five-mile radius and an average household income over $70,000 within three miles. The median home value within five miles surpasses $125,000, supporting strong consumer demand. Built in 2023, this single-story building currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $80,000 and a 6.00% cap rate. The asking price is $1,333,333, translating to $2,222.22 per square foot. The tenant has a one-time lease termination right after the 10th year if gross sales don't exceed $750,000. This presents a secure, passive income stream with a nationally recognized brand in a thriving market. The property's high traffic count (over 47,000 vehicles per day) further enhances its investment appeal.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Allen Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2107
- Latitude
- 42.2609
- 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
$12,102
$0.00
$0.00
$111,100
-
$0.00
$0.00
$222,200
