Property profile

8200 Macomb St Grosse Ile, MI 48138

FOR SALE
Turn key restaurants
Property ID
US43-4894123
2,069 SF 0.18 ac lot Built 2006
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity presents the chance to acquire a thriving, established business in the desirable Grosse Ile Township, Michigan. Located at 8200 Macomb Street, within Grosse Ile's main retail and business district, the Island Coney Restaurant boasts 2,088 square feet of impeccably clean, well-maintained space built in 2006. The sale includes the real estate, business, and all furniture, fixtures, and equipment, offering a seamless transition for the new owner. The property sits on a 0.38-acre lot and includes 28 parking spaces, ensuring ample convenience for customers. The restaurant's excellent construction and prime location contribute to its consistent profitability. Outdoor seating adds to the appeal, enhancing the dining experience. Annual property taxes are $7,694. The asking price per square foot is $419.06. This is a rare opportunity to own a successful, established restaurant in a unique island community. The current owners are retiring, making this a truly exceptional chance to step into a ready-made business with significant potential. Serious inquiries are encouraged

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Total area 2,069 SF
Lot 0.18 ac (7,841 SF)
Zoning code MSD
APN 73 028 01 0022 001
UPID US43-4894123

Cap rate & NOI

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

Location

8200 Macomb St Grosse Ile, MI 48138
Grosse Ile metro Census 596200 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
$695k

Owner & transaction history

since 2008
4 recorded transactions
2008
$640,000
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MSD · Grosse Ile, MI

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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