404 Main StBelleville, MI 48111

Property Details for 404 Main St

Year built

1989

Lot size

0.19 AC

Property size (Sq ft)

6,026 SF

Property type

Turn key restaurants

APN

31 084 01 0259 000

APU

31084010259000

Description

This exceptional turnkey restaurant opportunity is located at 404 MAIN in the heart of Belleville, Michigan. Boasting 6,026 square feet on a 0.19-acre lot, this established business benefits from a prime downtown location, placing it at the center of all city events, celebrations, parades, and car shows. The property includes a recently expanded parking lot, ensuring ample space for patrons. The sale price of $990,000 includes a valuable liquor license, significantly reducing the hurdles for a new owner. All kitchen equipment is included in the sale, along with walk-in coolers and freezers, ensuring a smooth transition. The restaurant features ample seating and a wrap-around bar, providing versatile space for dining and socializing. Large windows offer excellent visibility and views from the front and sides of the building. This is a rare opportunity to acquire a well-established, fully equipped restaurant in a vibrant downtown location with significant potential for continued success. The combination of prime location, included assets, and existing customer base makes this a truly smart investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,516,420

  6.5%

  $1,399,773

  7%

  $1,299,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,420,454

  Geo Method

  $1,420,454

• Alternative Use

  Use

  Valuation

  Residential

  $1,180,761

  Hospitality

  $1,081,570

  Educational

  $899,854

  Medical

  $930,801

  Retail

  $1,399,773

Location Insight

City

Belleville

County

Wayne

State

Michigan

Latitude

42.2086

Longitude

-83.4906

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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