39715 6th Mile Rd Northville, MI 48168-2367
- Turn key restaurants
- 6,926 SF
- 3.28 lot acres
Current Use by Public Records
- Art & Jakes Sports Bar & Grill Northville / Restaurant
- Ross nails / Beauty Salon
Property Details for 39715 6th Mile Rd
- Year built
- 2002
- Lot size
- 3.28 lot acres
- Property size
- 6,926 SF
- Zone code
- HPUD
- Property type
- Turn key restaurants
- APN
- 77 049 01 0005 303
- APU
- 77049010005303
Description
This exceptional 6,904 square foot former restaurant is available for purchase at $2,499,000. Located at 39715 6 Mile Rd in Northville, Michigan (zip code 48168), this single-tenancy property sits on a 3-acre lot and boasts an impressive 218 feet of frontage along 6 Mile Road. The property is zoned for retail commercial use and benefits from its strategic location within a high-traffic trade area. A significant advantage is its proximity to a Kroger Power Center, ensuring high visibility and consistent foot traffic. The sale includes a valuable liquor license, presenting a unique opportunity for a variety of food and beverage businesses. The building's substantial size offers ample space for a restaurant, or potential redevelopment into other retail uses. This is a turnkey opportunity for an investor seeking a high-potential property in a prime Northville location within Oakland County. The property's size, location, and included liquor license make it an attractive investment prospect. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,045,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,240,000
- 6.5%
- $2,200,000
- 7%
- $2,180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,995,000
- Geo Method
- $2,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,025,000
- Retail
- $2,055,000
- Mixed-Use
- $2,280,000
- Hospitality
- $1,995,000
- Educational
- $2,000,000
- Residential Income
- $1,705,000
- Energy
- $1,725,000
- Income-Based Land
- $2,330,000
- Food Service
- $1,695,000
Location Insight
- Map
- Local Demand
- City
- Northville
- County
- Wayne
- State
- Michigan
- Longitude
- -83.4359
- Latitude
- 42.4103
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
