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    OFF-MARKET
    Turn key restaurants

    3150 Hilton Rd, Ferndale, MI 48220-1039

    800 SF 0.04 ac lot Built 1956
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1363517
    Property summary
    AI-generated overview

    This 800-square-foot industrial property in Ferndale, MI, is a fantastic opportunity for a variety of businesses. Previously a licensed and permitted cafe, the space includes a fully equipped commercial kitchen featuring a hood/exhaust system, range, triple wash sink, prep tables, and some coolers. All existing equipment is included in the sale price, allowing for immediate operation. Located at 3150 HILTON, this property boasts exceptional visibility and high traffic counts exceeding 10,000 cars daily. Its prime location offers easy access to Downtown Ferndale and Downtown Royal Oak, and is less than a minute from I-696 and I-75. The 0.04-acre lot includes a private gated patio ideal for outdoor seating and tandem parking for four vehicles behind the building. Ample free street parking and a large municipal parking lot across the street provide convenient parking options for customers and employees. The property is currently unleased, offering flexibility for various uses, including but not limited to: ghost kitchen, catering facility, meal prep business, bakery, donut shop, coffee shop, juice bar, hookah lounge, vape shop, bar, retail store, or even a family office. This is a truly turnkey opportunity in a high-demand location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1956
    Total area 800 SF
    Lot 0.04 ac (1,742 SF)
    Zoning code BI
    APN 24-25-26-111-036
    UPID US43-1363517
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Rock City Property Holdings LLC · 2 yrs held
    Rock City Property Holdings LLC
    since 2023
    Last sale
    $105,000
    7 recorded transactions
    2023
    2021
    $105,000
    2011
    2005
    $50,000
    2005
    2004
    1969
    Zoning & alternative use
    BI · Ferndale, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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