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Property profile & analytics
FOR SALE
Turn key restaurants
17780 Fort St Brownstown Township, MI 48193
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4059732
For Sale
1 / 24
Contact for pricing
17780 Fort St, Brownstown Township, MI 48193
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Property summary
AI-generated overview
This exceptional turnkey restaurant opportunity is located at 17780 Fort Street in Brownstown Charter Township, Michigan, within the vibrant Downriver area. Boasting 3,601 square feet of space, this vacant property is ideally situated on busy Fort Street near Pennsylvania Road, benefiting from high traffic counts and strong demographics. The property features a recently completed remodel, making it ready for immediate occupancy upon approval. The sale includes a valuable liquor license, significantly reducing the time and expense associated with establishing a new restaurant. The fully equipped kitchen includes brand new walk-in coolers and freezers, and new furniture is also included. This location is in the heart of Downriver, near one of Michigan's largest Kroger stores, and is part of a corridor experiencing significant new business growth. This represents a rare opportunity to acquire a fully operational restaurant in a prime location with minimal start-up costs. The asking price is $1,395,000. The property's zip code is 48193.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1974
Total area
4,555 SF
Lot
0.84 ac (36,590 SF)
Zoning code
B3-GEN
APN
51 001 02 0419 003
UPID
US43-4059732
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
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
Finazzo Props Riverview LLC · 14 yrs held
Finazzo Props Riverview LLC
since 2011
7 recorded transactions
Zoning & alternative use
B3-GEN · Riverview, 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 Brownstown Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brownstown Township 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)
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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 2021Property tax & assessments
Tax year 2021
Tax billed
$12,469
Tax year 2021
Assessed value
$205,300
Assessed 2024
Previous assessed
$194,700
+5.4% YoY
Effective rate
6.07%
On assessed value
Total market value
$410,600
Applied tax rate
82,400.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1974
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
4,555 SF
Lot
0.84 ac (36,590 SF)
Zoning code
B3-GEN
APN
51 001 02 0419 003
UPID
US43-4059732
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B3-GEN · Riverview, MI
Zoning B3-GEN · permitted uses
B3-GEN · Riverview, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverview. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Finazzo Props Riverview LLC
Entity
Free & Clear · 14 yrs held
Mailing address
12985 NORTHLINE RD STE #100, SOUTHGATE, MI 48195-1183
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2011
$197,500
Finazzo Props Riverview LLC
Comerica Bk
Grant Deed
—
Dec 23, 2009
$273,285
Comerica Bk
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Jun 27, 2008
$700,000
Vincenzo Cangialosi
Cangilosi,guiseppe
Warranty Deed
related
—
Sep 28, 2007
$1,451,553
Equity Bank Ssb
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
—
—
Cataldo Properties LLC
—
Deed Of Trust
related
$480,000 · Comerica Bank
—
—
Giuseppe Cangialosi
—
Deed Of Trust
related
$474,210 · Fifth Third Bank
—
—
Giuseppe Cangialosi
—
Deed Of Trust
related
$42,500 · Fifth Third Bank
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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