1842 Monroe St Dearborn, MI 48124-2925
- Turn key restaurants
- 785 SF
- 0.05 lot acres
Jan 23, 2025
Current Use by Public Records
- Mati's Deli / Deli / American Restaurant
Property Details for 1842 Monroe St
- Year built
- 1936
- Lot size
- 0.05 lot acres
- Property size
- 785 SF
- Zone code
- BB
- Property type
- Turn key restaurants
- APN
- 82 09 223 26 015
- APU
- 820922326015
Description
This exceptional opportunity presents a thriving, owner-operated deli located at 1842 Monroe St, Dearborn, MI 48124. The property, built in 1936, boasts a single-story building with approximately 900-1000 square feet of space situated on a lot ranging from 5,000 to 7,000 square feet. Currently operating at 100% occupancy with a gross lease, this restaurant presents a compelling investment with a 27% cap rate. The asking price is $450,000, which includes the real estate. The business is SBA approved, requiring only a 10% down payment at the listed price. Currently operating with short hours, significant potential exists to increase revenue through expanded hours, delivery services, and the addition of complementary items, such as ice cream, to capitalize on the summer patio season. The property is zoned for commercial use and is a single-tenancy building within Wayne County. Financial details are available upon request with proof of funds. This is a rare chance to acquire a well-established, profitable business with significant upside potential. Don't miss this chance to own a piece of Dearborn's culinary history.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Dearborn
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2445
- Latitude
- 42.2994
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
