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    FOR SALE
    Turn key restaurants

    23594 Hoover Rd, Warren, MI 48089

    2,316 SF 0.49 ac lot Built 1950
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US43-0138468
    Property summary
    AI-generated overview

    This exceptional 1,433-square-foot warehouse, located at 23594 Hoover Rd in Warren, Michigan (zip code 48089), presents a compelling investment opportunity. Priced at $450,000 ($314.03 per square foot), this property boasts a highly desirable M2 zoning designation, opening doors to a variety of commercial uses. The building itself is fully operational, having undergone recent interior and exterior remodeling. Ample parking is available on-site, enhancing its practicality and appeal. A significant advantage is the inclusion of a separate 864-square-foot outbuilding, providing additional space and further parking capacity. This versatile property is situated in Macomb County, Michigan, and its location offers convenient access to major transportation routes and amenities. The property's recent renovations ensure a move-in ready condition, minimizing upfront investment and maximizing immediate return. This is an ideal opportunity for investors seeking a well-maintained, functional warehouse with significant expansion potential in a thriving commercial area. The property's size, zoning, and additional outbuilding make it a truly unique and attractive offering.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1950
    Total area 2,316 SF
    Lot 0.49 ac (21,562 SF)
    Zoning code M-2
    APN 12-13-26-303-046
    UPID US43-0138468
    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
    Current use
    Occupant on record · Public records
    • Cozy Grill Cafe Restaurant
    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
    Bakoulas Properties LLC · 5 yrs held
    Bakoulas Properties LLC
    since 2020
    Last sale
    $200,000
    3 recorded transactions
    2020
    $200,000
    2020
    2002
    Zoning & alternative use
    M-2 · Warren, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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