For Sale
1 / 17
Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Grosse Ile market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MSD · Grosse Ile, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.