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Property profile & analytics
OFF-MARKET
Bars & Pubs
16550 Telegraph Rd, Detroit, MI 48219-3727
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-0947201
Property summary
AI-generated overview
This exceptional opportunity presents a fully renovated, 1,950 square foot bar and restaurant in Detroit, Michigan. Located on a full city block (296' x 120') of prime commercial real estate on busy Telegraph Road (16550 Telegraph Rd, Detroit, MI 48219), this property boasts a 0.82-acre lot and ample parking. The building, constructed in 1965 and extensively renovated in 2021, features a modern lighting and sound system. Included in the sale are all furniture, fixtures, and equipment. The property holds both a cabaret and liquor license, ensuring immediate operational capability. This turnkey business is a proven money-maker, ready for a new owner. Alternatively, the substantial lot size and prime location make it an ideal redevelopment site. The property is zoned for commercial use. Serious inquiries only
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1965
Total area
1,950 SF
Lot
0.29 ac (12,632 SF)
Zoning code
B4
APN
22122505-10
UPID
US43-0947201
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
-
Chapeau Vert Lounge Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
16550 TELEGRAPH ROAD LLC
16550 TELEGRAPH ROAD LLC
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$5,648
Tax year 2020
Assessed value
$71,300
Assessed 2024
Previous assessed
$59,900
+19.0% YoY
Effective rate
7.92%
On assessed value
Total market value
$142,600
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,950 SF
Lot
0.29 ac (12,632 SF)
Zoning code
B4
APN
22122505-10
UPID
US43-0947201
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
16550 TELEGRAPH ROAD LLC
Entity
Free & Clear · 0 yrs held
Mailing address
12958 MICHIGAN AVE, DEARBORN, MI 48126-3552
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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