Land and Building For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30328752
Property Subtypes: Restaurant
Building Size (RSF): 3,024 SF
Gross Building Area: See Agent
Gross Land Area: 0.14 Acres
Sale Price: $725,000
Unit Price: $239.75 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2018

Overview / Comments

Note: Showings/site tours need 48 hour advance notice to schedule tours and not within lunch/dinner hour time frames.
Well established location - businesses have operated at this site for over 30 years.
Prime waterfront restaurant with 2 balcony decks with design to host a number of both public and private events.
Current sushi bar style tenant uses only a small portion of the property.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $14,898 (Annual)

Current Tenants

Tenant Business Name Blackfish Grill
Industry Type Accommodation and Food Services

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Saint Clair
Tax ID/APN: 74-06-298-0003-000, 74-06-298-0002-000
Zoning: CBD
Retail Clientele: General, Business, Tourist
Largest Nearby Street: Huron
Feet of Frontage: 75
Site Description: Offering consists of 2 lots, 75' of dock space on Black River 2nd floor suitable for bar
Area Description: Along Black River with 75' dock space
Tenancy: Single Tenant
Number of Stories: 2
Roof Type: Flat
Parking Type: Surface
Zoning Description: Central Business District
Lot Frontage: 75
Lot Depth: 84' average
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,142 38,943 57,702
Median Age: 34.16 36.91 38.52
Households: 4,322 15,474 22,930

Contact

Photograph of Listing Agent

John McTevia

DeLacy Real Estate Exchange
CPIX Member
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