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Property profile & analytics
OFF-MARKET
Turn key restaurants
9506 Michigan Ave Detroit, MI 48210-2041
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1037680
Property summary
AI-generated overview
This exceptional 3,106 sq. ft. commercial property, located at 9506 Michigan Ave in Detroit, MI, sits on a 0.28-acre corner lot at the intersection of Michigan Avenue and Wyoming. Built in 1966 and extensively renovated in 2022, this Class A building offers a single tenancy and features a fully equipped kitchen, high-quality lighting, and a sound system. The property includes 20 parking spaces, providing ample convenience for customers and employees. Its prime location offers exceptional visibility and accessibility, situated conveniently off I-94. Previously used as a topless bar, this property presents a unique redevelopment opportunity for a variety of uses, including retail, restaurant, or special purpose ventures. The sale includes the building and land only
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1966
Total area
3,106 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B4
APN
20004611-4
UPID
US43-1037680
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
Current use
Occupant on record · Public records
-
Topless Nightclub DJ & Entertainment
-
Club VenuS Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tahamah LLC · 1 yrs held
Tahamah LLC
since 2024
Last sale
$228,100
3 recorded transactions
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$8,461
Tax year 2020
Assessed value
$98,200
Assessed 2024
Previous assessed
$85,100
+15.4% YoY
Effective rate
8.62%
On assessed value
Total market value
$196,400
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1966
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,106 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B4
APN
20004611-4
UPID
US43-1037680
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Tahamah LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12958 MICHIGAN AVE, DEARBORN, MI 48126-3552
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Tahamah LLC
9506 Michigan Ave LLC
Warranty Deed
—
Feb 8, 2021
$228,100
9506 Michigan Ave LLC
Bulldog Enterprise LLC
Warranty Deed
—
Jan 9, 2018
—
9506 Michigan Ave LLC
Bulldog Ent LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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