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    Investment properties

    220 Southfield Rd, Ecorse, MI 48229-1130

    5,390 SF 0.06 ac lot Built 1940
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0375760
    Property summary
    AI-generated overview

    This exceptional Ecorse, MI property presents a unique investment opportunity encompassing a thriving business and substantial real estate. Located at 220 and 218 Southfield Road, the offering includes a fully operational bar and grill occupying 2,695 square feet on a one-acre lot. The bar and grill features a fully equipped kitchen with a grill and fryer, a covered outdoor patio, and a valuable Class "C" liquor license. A basement adds significant storage or expansion potential. In addition to the bar and grill, a separate retail space at 218 Southfield Road is available for lease, generating additional income streams. Two income-producing apartments located upstairs are currently rented, providing further passive income. The entire property is offered as a turnkey operation, ready for immediate ownership and continued operation. Financial terms are flexible, with land contract options available. All data is approximate. This is an exceptional opportunity to acquire a well-established business with significant income potential and a substantial real estate asset in a prime location. The combination of the bar and grill, retail space, and rental apartments provides a diversified income stream and significant return on investment. Serious inquiries only.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1940
    Total area 5,390 SF
    Lot 0.06 ac (2,614 SF)
    APN 34-007-04-0001-001
    UPID US43-0375760
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    220 Southfield LLC · 2 yrs held
    220 Southfield LLC
    since 2023
    3 recorded transactions
    2023
    2023
    2021
    $80,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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