2563 Ellsworth Rd, Ypsilanti, MI 48197-5619
This thriving coney island restaurant, located in a busy Ypsilanti strip center, presents a fantastic investment opportunity. Boasting 3,000 square feet on a 1.38-acre lot, this end-unit location offers exceptional visibility and ample parking. The restaurant is conveniently situated near Eastern Michigan University, ensuring a consistent customer base. Currently operating as a breakfast and lunch establishment, the business generates a strong monthly income averaging $43,000-$45,000. Significant recent upgrades include new flooring, booths, and tables (all installed in 2021), along with a fresh coat of paint, also completed in 2021. The well-equipped kitchen features a walk-in cooler, walk-in freezer, dishwashing station, and cashier area. The spacious dining room comfortably accommodates dine-in customers, and a carry-out option is also available. Family-owned and operated for over 18 years, the owner is now retiring, presenting a unique chance for a new owner to capitalize on the established success and expand operations, potentially by adding dinner service to further increase revenue. All data is approximate. Please note: Do not approach employees or customers.
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Sinbad's Koney Island Restaurant
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Cheesesteak Daddy Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.