2,500 SF on 0.6AC for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30061777
Property Subtypes: Restaurant, Street Retail
Building Size (RSF): 2,500 SF
Gross Building Area: See Agent
Sale Price: $295,000
Unit Price: $118 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2017

Overview / Comments

This closed restaurant is a great redevelopment opportunity along Grand River in Detroit. Located near the new Meijer development, this 0.59 acres can be turned in to a new shopping center or freestanding retail building. Excellent visibility to the 20,000 cars that pass by this site daily.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: W22I007297C9
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,079 184,390 491,333
Median Age: 37.56 37.08 36.78
Households: 8,888 70,970 187,683
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