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    OFF-MARKET
    Turn key restaurants

    8905 Macomb St, Grosse Ile, MI 48138-1552

    4,265 SF 1.12 ac lot Built 1982
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-5172347
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1982
    Total area 4,265 SF
    Lot 1.12 ac (48,787 SF)
    Zoning code MSD
    APN 73 027 02 0100 007
    UPID US43-5172347
    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
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Oak Wyandotte LLC · 1 yrs held
    Oak Wyandotte LLC
    since 2024
    Last sale
    $325,000
    3 recorded transactions
    2024
    $325,000
    2009
    2007
    $9,380
    Zoning & alternative use
    MSD · Grosse Ile, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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