6211 Warren AveDetroit, MI 48210

Property Details for 6211 Warren Ave

Year built

1984

Lot size

0.18 AC

Property size (Sq ft)

2,328 SF

Zone code

M4

Property type

Drive through restaurants

APN

16001885.003L

APU

16001885003L

Description

Exceptional investment opportunity: a thriving Detroit restaurant at 6211 W Warren Avenue, Wayne County, MI 48210. This 2,328 square foot property includes the building, land, and all fixtures and equipment – a complete turnkey operation. Located north of I-94, this established restaurant boasts a proven track record of high sales volume and strong financial performance. The sale offers a compelling package for both aspiring and experienced restaurateurs. The seller is offering a land contract option, providing flexible financing terms to facilitate acquisition. This presents a rare chance to own a successful, established business in a prime location, ready for immediate operation and continued growth. The property's history of success, combined with the included equipment and land, makes this a lucrative investment opportunity not to be missed. This is a unique chance to acquire a fully operational restaurant with significant potential for future success. The property's location and operational history provide a solid foundation for continued profitability. The land contract option adds to the appeal, making this an accessible and attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $539,423

  6.5%

  $497,929

  7%

  $462,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $226,472

  Geo Method

  $226,472

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $954,803

  Mixed-Use / Specialty

  $502,703

  Hospitality / Lodging

  $377,343

  Office

  $506,537

  Institutional / Educational

  $524,949

  Residential Income

  $614,190

  Multifamily

  $700,320

  Automotive / Energy

  $449,956

  Parking / Income-Based Land

  $148,804

  Restaurant / Food Service

  $275,436

  Healthcare / Senior Housing

  $508,796

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3443

Longitude

-83.1293

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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