3150 Hilton RdFerndale, MI 48220

Property Details for 3150 Hilton Rd

Year built

1956

Lot size

0.04 AC

Property size (Sq ft)

800 SF

Zone code

BI

Property type

Retail properties

Property subtype

Turn key restaurants

APN

24-25-26-111-036

APU

242526111036

Description

This 800-square-foot industrial property in Ferndale, MI, is a fantastic opportunity for a variety of businesses. Previously a licensed and permitted cafe, the space includes a fully equipped commercial kitchen featuring a hood/exhaust system, range, triple wash sink, prep tables, and some coolers. All existing equipment is included in the sale price, allowing for immediate operation. Located at 3150 HILTON, this property boasts exceptional visibility and high traffic counts exceeding 10,000 cars daily. Its prime location offers easy access to Downtown Ferndale and Downtown Royal Oak, and is less than a minute from I-696 and I-75. The 0.04-acre lot includes a private gated patio ideal for outdoor seating and tandem parking for four vehicles behind the building. Ample free street parking and a large municipal parking lot across the street provide convenient parking options for customers and employees. The property is currently unleased, offering flexibility for various uses, including but not limited to: ghost kitchen, catering facility, meal prep business, bakery, donut shop, coffee shop, juice bar, hookah lounge, vape shop, bar, retail store, or even a family office. This is a truly turnkey opportunity in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $244,591

  6.5%

  $225,776

  7%

  $209,649

• Comparable approach

  Method

  Valuation

  Relative Method

  $188,577

  Geo Method

  $188,577

• Alternative Use

  Use

  Valuation

  Residential

  $190,451

  Hospitality

  $174,452

  Educational

  $145,142

  Medical

  $150,133

  Retail

  $225,776

Location Insight

City

Ferndale

County

Oakland

State

Michigan

Latitude

42.4727

Longitude

-83.1233

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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