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220 Congress St Detroit, MI 48226

Turnkey Mexican Restaurant, Liquor License Included

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
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

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FAQs

What type of property is this?
Retail property - Turnkey Mexican Restaurant, Liquor License Included
Where is the retail property located?
The property is located at 220 Congress St Detroit, MI.
What are key features of this property?
This property features: Prime location in Detroit's Central Business District.; Turnkey restaurant with all FF&E included.; Includes liquor license.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Michael Scamardella
Michael Scamardella
Visit Broker Website

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Useful Information

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Congress St
Detroit, MI 48226

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Congress St
Detroit, MI 48226

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

220 Congress St
  • Michael Scamardella
    Michael Scamardella
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