7116 and 7140 Lakeshore Road

Retail-Commercial for Sale
Catylist Listing ID: 29975847
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 2,117 SF
Gross Building Area: See Agent
Sale Price: $460,000
Unit Price: $217.29 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 9/20/2017

Overview / Comments

Although the properties are combined here, please note that they are two separate offerings.

The property at 7140 has a 2,117 +/- sf building currently being operated as a bar and restaurant. Separate price is $150,000
The property at 7116 has an 1,884 +/- sf building currently being operated as a restaurant. Separate price is $310,000

Class "C" liquor license is $45,000 sold separately

4 access drives onto the property

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Saint Clair
Tax ID/APN: 74-11-475-0027-000; 74-11-475-0028-000
Retail Clientele: General
Property Located Between: Franklin St and Milwaukee
Largest Nearby Street: Lakeshore Road (M25)
Site Description: triangular shaped parcel which is made up of two separate properties.
Area Description: 250 +/- feet of frontage on Lakeshore Road (M25) and 180 +/- feet of frontage on Milwaukee
Total Number of Buildings: 2
Number of Stories: 1
Parking Type: Surface

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,008 11,144
Median Age: 42.53 46.39
Households: 1,646 4,710

Contact

Photograph of Listing Agent

John McTevia

DeLacy Real Estate Exchange
CPIX Member
© Copyright Commercial Property Information Exchange (CPIX). All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.