Property profile

220 Southfield Rd SOURCEFI Ecorse, MI 48229

FOR SALE
Investment properties
Property ID
US43-0375760
5,390 SF 0.06 ac lot Built 1940
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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For Sale
$549,000 5,390 SF
220 Southfield Rd,Unit SOURCEFI, Ecorse, MI 48229
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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

Location

220 Southfield Rd, Unit SOURCEFI Ecorse, MI 48229
Ecorse metro Census 579700 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
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2023
Price N/A
2021
$80,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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