5702 12 Mile RdWarren, MI 48092

Property Details for 5702 12 Mile Rd

Year built

1975

Lot size

1.99 AC

Property size (Sq ft)

6,813 SF

Zone code

MZ

Property type

Turn key restaurants

APN

12-13-17-226-046

APU

121317226046

Description

This exceptional 6,885-square-foot restaurant presents a unique investment opportunity in Warren, Michigan. Strategically located across from the General Motors World Headquarters and a Meijer's Shopping Center, this property enjoys unparalleled visibility and access to a substantial customer base. The building boasts a fully equipped and furnished interior, ready for immediate operation. A significant advantage is the inclusion of a readily transferable liquor license, a valuable asset for continued success in the food and beverage industry. The property features convenient double access points, one from 12 Mile Road and another from Mound Road, ensuring easy ingress and egress for both customers and suppliers. Ample parking is available on-site, accommodating a large number of vehicles. The expansive 1.97-acre lot provides significant potential for future expansion or development. This turnkey operation is ideally suited for an experienced restaurateur seeking a well-established business with high growth potential in a prime location. The combination of its prime location, existing infrastructure, and liquor license makes this a truly exceptional opportunity. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,082,997

  6.5%

  $1,922,766

  7%

  $1,785,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,605,966

  Geo Method

  $1,605,966

• Alternative Use

  Use

  Valuation

  Residential

  $1,621,925

  Hospitality

  $1,485,675

  Educational

  $1,236,064

  Medical

  $1,278,574

  Retail

  $1,922,766

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.5055

Longitude

-83.0488

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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