Property profile

8905 Macomb St Grosse Ile, MI 48138

FOR SALE
Turn key restaurants
Property ID
US43-5172347
4,265 SF 1.12 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
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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

Location

8905 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
$235k

Owner & transaction history

since 2024
Last sale
$325,000
3 recorded transactions
2024
$325,000
2009
Price N/A
2007
$9,380

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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More about this property
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