166 Maple StWyandotte, MI 48192

Property Details for 166 Maple St

Year built

1967

Lot size

0.08 AC

Property size (Sq ft)

2,960 SF

Property type

Bars

Property subtype

Pubs

APN

57 011 09 0014 002

APU

57011090014002

Description

This exceptional opportunity encompasses a thriving, well-established bar and grill situated in the heart of downtown Wyandotte, Michigan. The 2,960 square foot building sits on a 0.08-acre lot and is offered at $1,450,000. The property boasts both indoor and outdoor seating, including a patio area with the potential for an additional serving station and entertainment space. The fully equipped restaurant features a unique stone pizza oven capable of wood or gas firing. A substantial basement provides ample storage and a large prep area, enhancing operational efficiency. This turnkey business presents significant upside potential. The current owners are offering the opportunity to lease or purchase the adjacent 4,000 square foot space, allowing for expansion of the existing business or the implementation of a completely different use. The property is currently operational, and prospective buyers must contact the listing office before scheduling a visit. A non-disclosure agreement (NDA) must be signed prior to any tour, which can only be arranged during non-business hours to avoid disruption to the ongoing operations. Direct contact with the staff or owner regarding the sale is strictly prohibited. This is a rare chance to acquire a profitable, established business with significant growth potential in a vibrant downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $782,781

  6.5%

  $722,567

  7%

  $670,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $697,734

  Geo Method

  $697,734

• Alternative Use

  Use

  Valuation

  Residential

  $609,512

  Hospitality

  $558,310

  Educational

  $464,507

  Medical

  $480,482

  Retail

  $722,567

Location Insight

City

Wyandotte

County

Wayne

State

Michigan

Latitude

42.2024

Longitude

-83.1513

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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