Property profile

4531 Allen Rd Allen Park, MI 48101

OFF-MARKET
Commercial land
Property ID
US43-1776054
0.11 ac lot
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Allen Park, Michigan restaurant presents a unique owner-user investment opportunity. Located at 4531 Allen Rd, this free-standing, single-story building boasts 2,118 square feet and sits on two adjacent parcels providing ample parking. Completely renovated in 2022, the property is currently operating as a Lefty's Cheesesteaks Burgers & Wings corporate store, enjoying 100% occupancy. The asking price is $350,000 ($165.25/sq ft). The building is zoned C4 and was originally constructed in 1950. The sale price excludes the existing equipment, which is available for separate purchase at $75,000. Note that a 30-day post-closing occupancy period may be required by the seller. This prime location in Allen Park, near established businesses such as Starbucks, Chipotle, Dunkin', AT&T, Five Guys, and Qdoba, offers significant potential for continued success. The property is for sale by owner and lease terms are negotiable. This is a turnkey opportunity for a savvy investor or owner-operator seeking a thriving restaurant business in a high-traffic area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.11 ac (4,792 SF)
Zoning code C 4
APN 30 009 06 0227 303
UPID US43-1776054

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

4531 Allen Rd Allen Park, MI 48101-2763
Allen Park metro Census 576100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2022
Last sale
$335,000
3 recorded transactions
2022
Price N/A
2020
$275,000
2009
Price N/A

Zoning & alternative use

C 4 · Allen Park, MI
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
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