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    FOR SALE
    Turn key restaurants

    8200 Macomb St, Grosse Ile, MI 48138

    2,069 SF 0.18 ac lot Built 2006
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US43-4894123
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Vnbf LLC · 18 yrs held
    Vnbf LLC
    since 2008
    4 recorded transactions
    2008
    $640,000
    2006
    1969
    1969
    Zoning & alternative use
    MSD · Grosse Ile, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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