Property profile

240 Riv Rd Mount Clemens, MI 48043

OFF-MARKET
Turn key restaurants
Property ID
US43-0228310
5,256 SF 0.76 ac lot Built 1992
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1992
Total area 5,256 SF
Lot 0.76 ac (33,149 SF)
Zoning code GC
APN 05-11-13-202-009
UPID US43-0228310

Cap rate & NOI

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

Location

240 Riv Rd Mount Clemens, MI 48043-1912
Mount Clemens metro Census 245000 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
$874k
Blend (final) Blend
$660k

Owner & transaction history

since 2021
Last sale
$550,000
4 recorded transactions
2021
$550,000
2012
Price N/A
2010
$265,000
2010
Price N/A

Zoning & alternative use

GC · Mount Clemens, MI
Zoning description

Commercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…

General category COMMERCIAL

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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