Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), 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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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