8200 Macomb StGrosse Ile Township, MI 48138

Property Details for 8200 Macomb St

Year built

2006

Lot size

0.18 AC

Property size (Sq ft)

2,069 SF

Zone code

MSD

Property type

Turn key restaurants

APN

73 028 01 0022 001

APU

73028010022001

Description

This exceptional turnkey restaurant opportunity presents the chance to acquire a thriving, established business in the desirable Grosse Ile Township, Michigan. Located at 8200 Macomb Street, within Grosse Ile's main retail and business district, the Island Coney Restaurant boasts 2,088 square feet of impeccably clean, well-maintained space built in 2006. The sale includes the real estate, business, and all furniture, fixtures, and equipment, offering a seamless transition for the new owner. The property sits on a 0.38-acre lot and includes 28 parking spaces, ensuring ample convenience for customers. The restaurant's excellent construction and prime location contribute to its consistent profitability. Outdoor seating adds to the appeal, enhancing the dining experience. Annual property taxes are $7,694. The asking price per square foot is $419.06. This is a rare opportunity to own a successful, established restaurant in a unique island community. The current owners are retiring, making this a truly exceptional chance to step into a ready-made business with significant potential. Serious inquiries are encouraged

• CAP approach

  CAP return

  Valuation

  6%

  $459,757

  6.5%

  $424,391

  7%

  $394,077

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,276

  Geo Method

  $201,276

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $865,257

  Mixed-Use / Specialty

  $407,662

  Hospitality / Lodging

  $279,278

  Office

  $389,392

  Institutional / Educational

  $418,366

  Residential Income

  $489,488

  Multifamily

  $671,419

  Automotive / Energy

  $358,600

  Parking / Income-Based Land

  $138,781

  Restaurant / Food Service

  $179,555

  Healthcare / Senior Housing

  $433,653

Location Insight

City

Grosse Ile

County

Wayne

State

Michigan

Latitude

42.1306

Longitude

-83.1477

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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