13490 Farmington RdLivonia, MI 48150

Property Details for 13490 Farmington Rd

Year built

1969

Construction

CONCRETE BLOCKS

Lot size

0.92 AC

Property size (Sq ft)

2,600 SF

Property type

Bars

Property subtype

Pubs

APN

46 106 01 0006 000

APU

46106010006000

Description

This exceptional opportunity presents the acquisition of Mason's Burger Bar, a well-known and successful restaurant and bar located at 13490 Farmington Road in Livonia, Michigan. The property, situated on a 0.918-acre lot, boasts a 2,600 square foot building constructed in 1969 and features a spacious 75-space parking lot. The property is zoned C-2 and includes two units. The sale includes the real estate, the established business, fixtures, furniture, and equipment (FF&E), and the valuable liquor license. Mason's Burger Bar enjoys a prime location, just 300 feet from I-96, ensuring high visibility and accessibility. The business has a rich history, having started in Detroit in 1944 and relocating to Livonia in 1982, establishing itself as a community staple and multiple-time winner of "Best Burger in Detroit." The interior features 14 beer taps, 6 HD TVs, and a $10,000 sound system. The property is approved for outdoor seating, further enhancing its appeal and capacity. The asking price for this turnkey operation is $995,000. This presents a rare opportunity to acquire a profitable, established business with significant brand recognition and a loyal customer base in a high-traffic location. The business's proven resilience to economic fluctuations makes it an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $654,280

  6.5%

  $603,951

  7%

  $560,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $612,874

  Geo Method

  $612,874

• Alternative Use

  Use

  Valuation

  Residential

  $509,455

  Hospitality

  $466,658

  Educational

  $388,254

  Medical

  $401,607

  Retail

  $603,951

Location Insight

City

Livonia

County

Wayne

State

Michigan

Latitude

42.3815

Longitude

-83.3719

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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