8905 Macomb St, Grosse Ile, MI 48138-1552
This exceptional turnkey restaurant opportunity is located at 8905 Macomb St, Grosse Ile Township, MI 48138. The property boasts a substantial 4,200 square feet of space, situated on a generous 1.12-acre lot, providing ample room for both indoor and outdoor operations. The building is zoned MSD, allowing for a variety of uses, making it ideal for continued restaurant use or redevelopment to suit a new concept. The property features 73 parking spaces, ensuring convenient access for patrons. The asking price is $463,500, translating to $110.36 per square foot. This well-located property sits on a main commercial thoroughfare in Grosse Ile Township, an area known for its strong household incomes, presenting a significant advantage for any business. The property is offered as a NNN lease. This presents a unique chance to acquire a substantial commercial property in a desirable location with significant potential for growth and profitability. The existing infrastructure provides a solid foundation for a thriving business, whether continuing the restaurant operation or adapting the space for a different commercial venture. The ample parking and prominent location make this a highly attractive investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
MSD · Grosse Ile, MIGrosse Ile. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.