Property profile

3845 Warren Ave Detroit, MI 48208

OFF-MARKET
Bars & Pubs
Property ID
US43-1694504
2,842 SF 0.07 ac lot Built 1912
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional mixed-use property presents a rare opportunity to acquire a nationally renowned barbecue restaurant and an upper apartment space in the heart of Detroit, Michigan. Established in 1958, this iconic eatery boasts a loyal customer base and significant earning potential. The restaurant's operational equipment is included in the sale, ensuring a seamless transition for the new owner. Financial records, including profit and loss statements, will be provided to qualified buyers upon request. The attached building, constructed in 1924, features an upper apartment space, adding to the property's versatility and income streams. The seller is open to various purchase options, including the sale of the business and building as a package or separately. Located at 3845 W Warren Ave, Detroit, MI 48208, this property offers a unique blend of established business and real estate investment. Serious inquiries only

Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1912
Total area 2,842 SF
Lot 0.07 ac (3,049 SF)
Zoning code B4
APN 14001111.001
UPID US43-1694504

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

3845 Warren Ave Detroit, MI 48208-1821
Detroit metro Census 522800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2024
Last sale
$65,000
2 recorded transactions
2024
$65,000
2020
$100,000

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3845 Warren Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message