Property profile

18800 Dix Rd Melvindale, MI 48122

OFF-MARKET
Grocery and convenience stores
Property ID
US43-5285559
6,591 SF 0.39 ac lot
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving liquor and beer store located at 18800 Dix Road, Melvindale, MI. The property sits on a 0.39-acre lot and includes a fully equipped kitchen, adding significant versatility to the existing business model. The store's consistent profitability is underscored by its impressive track record of winning prestigious awards for outstanding lottery sales performance over several consecutive years. This demonstrates a strong customer base and a proven business model with high revenue potential. The substantial parking lot ensures ample space for customer convenience and ease of access. The asking price for this turnkey operation is $950,000. This represents a rare chance to acquire an established, award-winning business with a proven history of success in a desirable location. The property's existing infrastructure and strong sales history minimize the risk associated with new ventures, making this an attractive proposition for experienced investors seeking a high-return investment. Detailed financial records are available upon request to qualified buyers. This is a truly exceptional opportunity to own a profitable and established business in a prime location. Serious inquiries only.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Total area 6,591 SF
Lot 0.39 ac (16,988 SF)
Zoning code R1 1 FA
APN 47 003 02 0209 001
UPID US43-5285559

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store
  • Restaurant
  • Take-out & Catering

Location

18800 Dix Rd Melvindale, MI 48122-1816
Melvindale metro Census 578600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$508k
Blend (final) Blend
$510k

Owner & transaction history

since 2014
7 recorded transactions
2014
$400,000
2005
$400,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R1 1 FA · Melvindale, MI
Top alternative use upside
Commercial (general) $725,000 +44.2%
Restaurant $680,000 +36.0%
Office building $640,000 +27.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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