45101 Schoenherr RdUtica, MI 48315

Property Details for 45101 Schoenherr Rd

Year built

1989

Lot size

1.09 AC

Property size (Sq ft)

2,080 SF

Zone code

C-2

Property type

Drive through restaurants

APN

11-07-35-400-024

APU

110735400024

Description

This exceptional freestanding restaurant building, formerly a KFC, presents a fantastic opportunity for a quick-service restaurant operator. Located at 45101 Schoenherr Rd in Utica, Michigan, 48315, this single-tenant property boasts a substantial 2,080 square feet of space, all currently vacant and ready for immediate occupancy. The building is situated on a generous 1.09-acre lot, providing ample parking and visibility for customers. Its convenient location ensures high traffic volume and easy access for both drive-thru and dine-in patrons. The property's single-story design offers efficient operations and easy management. The building's previous use as a fast-food establishment means it's already equipped with many of the necessary features for a quick and seamless transition for a new tenant. This is an ideal location for a business seeking high visibility and a strong customer base in a thriving community. The property is available for lease and presents a rare opportunity to establish a successful restaurant in a prime location. The address is easily accessible from major roadways, ensuring convenient access for customers and employees alike. The 1.09-acre lot offers significant potential for future expansion or outdoor seating. This is a turn-key opportunity for a savvy entrepreneur looking to capitalize on a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $635,936

  6.5%

  $587,018

  7%

  $545,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $490,299

  Geo Method

  $490,299

• Alternative Use

  Use

  Valuation

  Residential

  $495,172

  Hospitality

  $453,575

  Educational

  $377,369

  Medical

  $390,347

  Retail

  $587,018

Location Insight

City

Utica

County

Macomb

State

Michigan

Latitude

42.6284

Longitude

-82.994

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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