For Sale
$3,500,000

27155 Karevich DrNovi, MI 48375

Upscale Japanese Steakhouse, Fully Equipped

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a fully equipped, upscale Japanese steakhouse in Novi, Michigan. Located at 27155 S Karevich Dr, this single-tenant retail property boasts 11,921 square feet on a 1.91-acre lot (APN 22-15-200-108). The building, constructed in 1979 and renovated in 2012, is a single-story Class C structure with ample parking for 130 vehicles. Currently operating at 100% occupancy, the restaurant benefits from a prime location at the corner of I-96 and Novi Road, ensuring high visibility and traffic flow along these major thoroughfares. The land value is $293.60 per square foot. All furniture, fixtures, and equipment (FF&E) are included in the sale price of $3,500,000. The property is zoned C - Conference, offering potential for various uses. This turnkey operation presents a rare chance to acquire a thriving business in a high-demand location. The property's strong performance and strategic positioning make it an attractive investment for discerning buyers. The substantial parking and high visibility contribute to the restaurant's success and appeal. This is a remarkable opportunity to own a well-established and profitable business in a desirable area.

Highlights

  • Fully equipped Japanese steakhouse with all FF&E included in the $3,500,000 sale price.
  • Prime Novi, MI location at I-96 and Novi Road corner.
  • High-traffic location with excellent visibility on major thoroughfares.
  • Strong visibility from I-96 and Novi Road.

Property Details for 27155 Karevich Dr

Property type
Retail properties, Restaurants
Square Feet
11,921 SF
Class
C
Year Built/Renovated
1979/2012
Stories
1
Lot Size (sq. ft)
83,200 SF

Location Insight

City
Novi
County
Oakland
State
Michigan
Latitude
42.4719897
Longitude
-83.4536844
27155 Karevich Dr, Novi, Michigan

FAQs

What type of property is this?
Retail property - Upscale Japanese Steakhouse, Fully Equipped
Where is the retail property located?
The property is located at 27155 Karevich Dr Novi, MI.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully equipped Japanese steakhouse with all FF&E included in the $3,500,000 sale price.; Prime Novi, MI location at I-96 and Novi Road corner.; High-traffic location with excellent visibility on major thoroughfares.
How can I contact the broker?
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27155 Karevich Dr
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