Extraordinary Downtown Detroit Restaurant & Bar 2 Levels

Asking Price$850,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Save1/4

Extraordinary Downtown Detroit Restaurant & Bar 2 Levels


Asking Price$850,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
This 6,400 square foot space spans three levels at the prestigious iconic Downtown Detroit Central Business District hard corner of Shelby & Congress, at 607 Shelby Street. This is a unique blend of (3,600 SF) of exquisite ground / first-floor dining, (2,000 SF) of extraordinary second-floor 'Skybridge' dining which spans over Shelby Street, and (800 SF) of fully utilized basement storage.

Acquisition price of $850,00.00. 10 Year Lease with (3) 5 Year Renewal Options ~ commenced
September 2021. 22 Years of potential contract term remaining.

Ideal Downtown Detroit corner location for an extraordinary restaurant/bar establishment. Located at the very core of the Detroit Central Business District, at the historic downtown Detroit hard corner of Shelby and Congress. Walking distance from Quicken Loans, Ford Field, just one block from Huntington Place, Little Caesars Arena and more; and at the epicenter of Detroit entertainment, food, beverage and pedestrian traffic.

Situated in the same block collection as Shinola Hotel, Foundation, Cambria Hotel and restaurant/bar Apparatus Room, London Chop House, Dime Store, Shelby Bar, Buhl Bar the former Trust Lounge (now undergoing brand change and construction and set to reopen in 2025) and many more within blocks; just two streets west of the iconic Campus Martius.
About the Business
Facilities & Assets
3600sf Groundfloor restaurant + 2000sf Skybridge + 800sf LL Storage
Fully Equipped, Turn Key Ready

Impressive Premium 'Chef' Kitchen equipped with Premium Top of the
Line Equipment (Equipment List Available)

22 Years of Term remaining - (7 years of Initial Term + 15 years of
renewal options)

Two Extraordinary Distinct Spaces in one gorgeous historic mixed use
building

Modern, elegant, stylish and extraordinary interior design, palette and
finishes
Website
https://linorealty.com/lino-property-listings/?propertyId=1451807-lease
Opportunities for Growth
22 Years of Term remaining - (7 years of Initial Term + 15 years of
renewal options. Ideal opportunity to own and grow an extraordinary establishment in the rapidly expanding Downtown Detroit market.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,400
Rent
$13,600.00 per month
Lease Expiration
9/21/2031
About the Sale
Seller Motivation
Owners focusing on quickly expanding core restaurant brand.
Financing Options
Attractive Financing Option / Package Available to Qualified Purchasers
Listing Info
ID
2308488
Listing Views
3233
Attached DocumentsAttachment Disclaimer

Lino_Realty_Hanah_Offering_Brochure.pdf

Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Michael Scamardella

Listing ID: 2308488 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


Similar Listings
Liquor Store in Detroit
$2,598,000Liquor Store in DetroitDetroit, MI
Teriyaki Madness
$200,000Teriyaki MadnessFeatured Franchise
Liquor Store in Detroit
$700,000Liquor Store in DetroitDetroit, MI
Kings Grill
$870,000Kings GrillDetroit, MI
H&H Bagels
$500,000H&H BagelsFeatured Franchise
Liquor Store in Detroit
$1,498,000Liquor Store in DetroitDetroit, MI
Jon Smith Subs
$100,000Jon Smith SubsFeatured Franchise
Liquor Store in Detroit
$698,000Liquor Store in DetroitDetroit, MI
Wayback Burgers
$250,000Wayback BurgersFeatured Franchise
Liquor Store in Detroit
$2,598,000Liquor Store in DetroitDetroit, MI
Teriyaki Madness
$200,000Teriyaki MadnessFeatured Franchise
Liquor Store in Detroit
$700,000Liquor Store in DetroitDetroit, MI
Kings Grill
$870,000Kings GrillDetroit, MI
H&H Bagels
$500,000H&H BagelsFeatured Franchise