For Sale
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Property summary
This vacant, 3,292 square foot restaurant building presents a compelling investment opportunity in Farmington Hills, Michigan. Located at 30685 W 12 Mile Rd, 48334, this property boasts a prime location in a busy retail corridor near Orchard Lake Road and I-696, ensuring high visibility and accessibility. The building, constructed in 1972 and extensively renovated in 2020, features a completely updated interior including a new kitchen and bar, capable of seating over 110 patrons. All furniture, fixtures, and equipment (FF&E) are included in the sale price of $975,000 ($296.17/sq ft). The 0.899-acre lot provides ample parking for 70 vehicles, and the property benefits from prominent monument signage. The B-3 zoning permits restaurant use. Its proximity to two hotels further enhances its potential. This turnkey operation is ideal for owner-users seeking a well-established, fully equipped restaurant in a high-demand area with excellent demographics. The property is currently vacant, allowing for immediate occupancy and customization to suit the new owner's vision.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Financial Advisor
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Landscaping General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Farmington Hills market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BI · Farmington Hills, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for BI in Farmington Hills, MI.
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