Property summary
This well-established restaurant, located at 32711 Michigan Avenue in Wayne, Michigan, presents a unique investment opportunity. The owners, retiring after 50 years, are offering this turnkey operation with a proven track record and excellent reputation. The building boasts a spacious 4,470 square foot interior, featuring an open floor plan designed to maximize efficiency and customer flow. Large windows throughout provide abundant natural light, creating a welcoming atmosphere. A substantial basement offers ample storage space, and an unfinished upper level presents significant potential for expansion, allowing for increased seating capacity, additional kitchen space, or even separate office areas. The property sits on a 0.49-acre lot, providing ample parking and visibility. Situated on a high-traffic section of Michigan Avenue, this restaurant benefits from consistent foot and vehicle traffic, ensuring a steady stream of potential customers. This is an exceptional opportunity to acquire a long-standing, successful business with significant growth potential. The asking price is $450,000. Appointments are required for showings.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
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
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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