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29220 Gratiot Ave 2,451 SF Retail Building Roseville, MI 48066 $690,070 CAD ($281.55 CAD/SF)

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Investment Highlights

Turn-key restaurant property in a high-traffic commercial location
Continue the current restaurant concept or introduce a new operation.

Successful restaurant operator has occupied this location for more than 50 years
Ample off Street Parking

Executive Summary

Rare opportunity to acquire a turn-key restaurant property in a high-traffic commercial location. The same successful restaurant operator has occupied this location for more than 50 years, offering an established setting for a new owner to continue the current restaurant concept or introduce a new operation. The property was renovated in 2022 and is equipped for immediate restaurant use, significantly reducing the time and expense associated with opening a new location. Additional highlights include parking for 33 vehicles, excellent visibility and accessibility, and a strong commercial setting surrounded by numerous national tenants. An outstanding opportunity for an owner-operator, restaurateur, or investor seeking a well-established restaurant location.

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Restaurant

Building Size

2,451 SF

Building Class

Year Built/Renovated

1968/2022

Price

$690,070 CAD

Price Per SF

$281.55 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

0.41 AC

Zoning

RESTAURANT

Parking

45 Spaces (18.36 Spaces per 1,000 SF Leased)

Frontage

219’ on Connecticut St

Signage

Major Tenants

Accommodation and Food Services
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Depuis 1967, Ram's Horn est l'une des chaînes de restaurants familiaux les plus rentables du Midwest. Leur succès repose sur une bonne nourriture, un bon rapport qualité-prix et, surtout, un service supérieur. Aujourd'hui plus que jamais, leur philosophie axée sur le service assurera leur croissance future. Ils offrent une occasion exceptionnelle aux gens d'affaires ambitieux qui partagent leur orientation vers le service et leur engagement envers la qualité et la valeur. MThe Kasapis Brothers-Eugene, Constantinos (Gus) et Steve ont ouvert le premier restaurant Ram's Horn à Cadillac Square à Detroit en 1967. Les frères avaient déjà des années d'expérience en restauration en aidant leur père, Demetri Kasapis, à son restaurant Receiving Lunch situé dans le quartier Greektown de Detroit.