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: 4/16/2018

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
2017 Property taxes $1,705.20
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


Finance Data Year 2017
Real Estate Taxes - Annual($) $3,260 (Annual)

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


Photograph of Listing Agent

John McTevia

DeLacy Real Estate Exchange
CPIX Member
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