Entity Owned Property summary
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
VerifiedCap rate & NOI
Current use
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Nightclub Bar & Pub
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), 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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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Find the owner behind the property.
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