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    Turnkey Restaurant Opportunity on Warren
    Updated: Apr 22
    Turnkey Restaurant Opportunity on Warren

    17420 E Warren Ave, Detroit, MI 48224

    $749,000
    4,980 sqft
    Turnkey restaurant opportunity, ready for immediate operation.
    High‑visibility location on busy E. Warren, attracting significant customer traffic.
    Spacious dining area and fully equipped commercial kitchen.
    Onsite parking for customer convenience.
    Suitable for various restaurant concepts: sit‑down, carry‑out, or franchise.
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    This listing looks promising.

    Here's a quick look at some key insights for

    17420 E Warren Ave, Detroit, MI

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $66K
      Annual

    • Price @ 7% Cap

      $939K
      Above asking

    • Property Type

      Restaurant
      Built 1976
    View Property Analytics
    Restaurant Property With Commercial Kitchen
    Updated: Aug 9
    Restaurant Property With Commercial Kitchen

    19655 W Grand River Ave SW, Detroit, MI 48223

    $699,000
    4,614 sqft 0.10 AC lot
    Commercial kitchen installed in 2026
    Current café and barbershop operation
    Corner location at 19655 W Grand River Ave SW, Detroit
    Four bathrooms and a basement
    Block, stucco, and brick construction
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    Turnkey Restaurant with Seating
    Turnkey Restaurant with Seating

    26080 Grand River Avenue, Redford, MI 48240

    $150,000
    2,136 sqft 0.32 AC lot

    Recently renovated restaurant offering guest seating, updated HVAC, and substantial on-site parking for day-to-day operations.

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    Storefront Property with Two Bathrooms
    Storefront Property with Two Bathrooms

    15921 W Seven Mile Road, Detroit, MI 48235

    $375,000
    3,000 sqft 0.09 AC lot

    Former restaurant and barber shop with central air conditioning and forced-air heating.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Former Bar with Michigan Avenue Frontage
    Former Bar with Michigan Avenue Frontage

    2334 Michigan Avenue, Detroit, MI 48216

    $562,500
    2,700 sqft 0.21 AC lot

    Former 2,700-square-foot bar on a 9,017-square-foot site with prominent Michigan Avenue frontage in Corktown.

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    Nightclub with Cabaret License
    Nightclub with Cabaret License

    13109 W Eight Mile Road, Detroit, MI 48235

    $750,000
    3,800 sqft 0.25 AC lot

    Established entertainment venue with food service, bar operations, updated kitchen equipment, and on-site parking.

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    Commercial Kitchen Building with Dual Hoods
    Commercial Kitchen Building with Dual Hoods

    10315 Linwood Street, Detroit, MI 48206

    $150,000
    2,459 sqft 0.16 AC lot

    Brick commercial building with food-service infrastructure, forced-air heating, and on-site parking.

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    Restaurant and Banquet Facility
    Restaurant and Banquet Facility

    12712 Plymouth Road Unit SourceFi, Detroit, MI 48227

    $280,000
    4,000 sqft 0.22 AC lot

    Updated 4,000 SF restaurant and banquet setup with a fully equipped commercial kitchen, sizable lot, and paved parking.

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    Corner Flex Building with Bakery Equipment
    Corner Flex Building with Bakery Equipment

    19200 Kelly Road, Detroit, MI 48225

    $150,000
    10,192 sqft 0.23 AC lot

    Versatile commercial building with showroom space and existing food-production equipment for repositioning or continued operational use.

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    Creative Mixed-Use Venue Building
    Creative Mixed-Use Venue Building

    2905 Beaufait Street, Detroit, MI 48207

    $1,750,000
    22,000 sqft

    Renovated 1942 building with open event space, café/bar infrastructure, private offices, and an outdoor courtyard.

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    Restaurant and Banquet Venue
    Restaurant and Banquet Venue

    12712 Plymouth Road, Detroit, MI 48227

    $280,000
    4,000 sqft 0.22 AC lot

    4,000 sq. ft. banquet and full-service restaurant with a fully equipped commercial kitchen and modern renovations on a paved lot.

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    Bar and Restaurant with Heated Patio
    Bar and Restaurant with Heated Patio

    8867 Livernois Avenue, Detroit, MI 48204

    $749,900
    2,600 sqft

    Built-out bar and restaurant with indoor and outdoor seating, heated patio, and surface parking included with the sale.

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    Turnkey Restaurant with Built-In Kitchen
    Turnkey Restaurant with Built-In Kitchen

    8140 Michigan Avenue Unit SourceFi, Detroit, MI 48210

    $1,299,999
    4,300 sqft

    Turnkey restaurant with a fully built-out kitchen and an included Wayne County Class C liquor license attached to the building.

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    Convenience Store with In-Store Setup
    Convenience Store with In-Store Setup

    555 Detroit Unit SourceFi, Detroit, MI 48205

    $850,000
    4,000 sqft

    Established convenience store with an in-place, partially operating restaurant setup and on-site customer parking.

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    Turnkey Event Venue with Kitchen
    Turnkey Event Venue with Kitchen

    W 12869 W Artesian Street Unit SourceFi, Detroit, MI 48223

    $1,300,000
    7,500 sqft

    Remodeled multi-use building with a full-service commercial kitchen, front office/reception area, and fenced yard with remote gate.

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    Drive-Through Restaurant with Cooler
    Drive-Through Restaurant with Cooler

    2757 W. Davison St, Detroit, MI 48238

    $300,000
    1,095 sqft

    Former Church's Chicken location with B2 zoning, a walk-in cooler, and a recently resurfaced parking lot.

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    Open-Layout Lounge Bar
    Open-Layout Lounge Bar

    17243 W McNichols Road, Detroit, MI 48235

    $185,000
    1,400 sqft

    Contemporary lounge space with updated finishes and flexibility for events, meetings, and other commercial uses.

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    Mixed-Use Building with On-Site Parking
    Mixed-Use Building with On-Site Parking

    E 565 E Larned Street Unit SourceFi, Detroit, MI 48226

    $2,600,000
    32,552 sqft

    Versatile mixed-use building with adaptable retail, office, and restaurant space plus a dedicated on-site parking lot included in the sale.

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    Built-Out Conventional Restaurant Property
    Built-Out Conventional Restaurant Property

    6171 Michigan Avenue, Detroit, MI 48210

    $624,995
    2,121 sqft

    Sale includes the real estate, business, inventory, furniture, fixtures, and commercial kitchen equipment.

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    Turnkey Restaurant with On-Site Parking
    Turnkey Restaurant with On-Site Parking

    26080 Grand River Avenue, Redford, MI 48240

    $150,000
    2,300 sqft

    Fully renovated restaurant with seating for up to 70 guests and approximately 30 parking spaces, currently operating seven days a week.

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    Established Food Truck Restaurant Business
    Established Food Truck Restaurant Business

    3929 CASS AVE, Detroit, MI 48201

    $379,900
    2,457 sqft

    Business sale includes a fully equipped food truck, franchise, and transferable leased-lot arrangement subject to approval.

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    Turnkey Bar and Restaurant Opportunity
    Turnkey Bar and Restaurant Opportunity

    8867 Livernois Avenue, Detroit, MI 48204

    $749,900
    2,675 sqft

    Newly renovated bar and restaurant with liquor license and parking.

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    Stand-Alone Restaurant Building
    Stand-Alone Restaurant Building

    W 24611 W MCNICHOLS Road Unit SourceFi, Detroit, MI 48219

    $199,000
    1,323 sqft

    Stand-alone restaurant building with ample parking and frontage on McNichols Road.

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    Renovated Commercial Property on Kelly
    Renovated Commercial Property on Kelly

    18901 Kelly Road, Detroit, MI 48224

    $249,900
    2,955 sqft

    High-visibility commercial property with flexible uses and ample parking.

    View details

    Detroit, MI Restaurants Market Trends and Statistics

    Explore 90 restaurants for sale in Detroit, MI, showcased through 90 active listings on our real estate platform. These investment opportunities span a total of 329,283 square feet of properties for sale, with an estimated market value of $50,299,790.

    Sale prices for restaurant properties in Detroit, MI start at $54,900, averaging $898,210, and reaching up to $5,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 65
    Bars & Pubs 37
    Drive through restaurants 22
    Commercial kitchens 17
    Coffee shops 5

    Demographics Overview

    Population 850K
    Population Growth (5Y) -4.2%
    Median Household Income $48,716
    College Educated 21.2%

    High-Yield Neighborhoods for Investment

    Identify Detroit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Hamtramck $139.9K
    Redford $265K
    Detroit $814.7K

    Taxes & Financing

    Tax Rate (average for all types) 3.32%
    Property Tax per SF $36.71 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wayne County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Detroit fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Detroit, MI

    • 48226
    • 48207
    • 48235
    • 48221
    • 48227
    • 48234
    • 48201
    • 48204
    • 48224
    • 48228
    • 48239
    • 48240

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