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220 Congress StDetroit, MI 48226

Turnkey Mexican Restaurant, Liquor License Included

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 3,994 square foot restaurant in Detroit's Central Business District presents a unique investment opportunity. Located at 220 W Congress St, this newly constructed establishment boasts a modern design, blending indoor and heated outdoor seating. The property includes a fully operational kitchen, stylish bar with a curated tequila and mezcal selection, and all furniture, fixtures, equipment, and inventory. The current lease commenced in July 2021 and features a 10-year initial term with two 5-year renewal options. The sale price is $1,350,000. The property is situated in a vibrant, pedestrian-friendly alley in the heart of Detroit's rapidly growing downtown area. This turnkey operation offers a seamless transition for a new owner, with attractive financing options available to qualified buyers. The unique Mexican and Korean-inspired menu and inviting atmosphere create a strong foundation for continued success. The included liquor license adds significant value to this already impressive offering. This is a rare opportunity to acquire a thriving business in a prime location.

Highlights

  • Prime location in Detroit's Central Business District.
  • Turnkey restaurant with all FF&E included.
  • Includes liquor license.
  • High-end chef's kitchen with top-of-the-line equipment.
  • Modern interior and exterior design with heated outdoor seating.
  • Enclosed year-round outdoor space.

Property Details for 220 Congress St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
3,994 SF

Unit(s) available at that property

Space
Nuevo Seoul Indoor Space
Size
3,994 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3292252
Longitude
-83.0486813
220 Congress St, Detroit, Michigan

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220 Congress St
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