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    OFF-MARKET
    Turn key restaurants

    23725 John R Rd, Hazel Park, MI 48030-1412

    1,530 SF 0.09 ac lot Built 1968
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0289546
    Property summary
    AI-generated overview

    This exceptional 1,534-square-foot free-standing retail building is located in Hazel Park's vibrant Culinary District, offering a prime opportunity for a restaurant or retail business. Situated on a 0.25-acre lot at the corner of John R Road and a cross street north of 9 Mile, this Class B property boasts excellent visibility and accessibility. The building underwent a complete façade renovation in 2023, presenting a modern and attractive storefront. Ample parking is available with 18 spaces. The property is zoned LB (Local Business) and offers significant signage opportunities, capitalizing on its high-traffic location. Its proximity to popular establishments like Mabel Gray and FRAMEbar provides immediate access to a thriving customer base. The single-story building presents a unique opportunity for expansion, potentially including an outdoor patio, further enhancing its appeal. Convenient access to major roadways, including I-696 and I-75, ensures easy accessibility for both customers and employees. This property is in Oakland County, Michigan, with the APN 2526433033. The building is currently vacant, providing a blank canvas for your business vision.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1968
    Total area 1,530 SF
    Lot 0.09 ac (3,920 SF)
    Zoning code BI
    APN 28-25-26-433-033
    UPID US43-0289546
    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
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Woodward Invs Prop LLC · 8 yrs held
    Woodward Invs Prop LLC
    since 2018
    4 recorded transactions
    2018
    $235,000
    2006
    2004
    $20,000
    2004
    Zoning & alternative use
    BI · Hazel Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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