For Sale
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Property summary
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
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
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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
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