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$2,900,000
Est. payment /mo
4,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $725
Subdivision Sherwood Forest
MLS Listing ID 20251015516
Year Built 1952
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type BusinessandRealEstate
Property Description
Turnkey Cigar Lounge, Bar & Restaurant for Sale – Includes Real Estate – Prime Downtown Detroit Location
Your chance to own a highly profitable, fully operational business in the heart of downtown Detroit! This well-established cigar lounge, bar, and restaurant offers not only a premium atmosphere and loyal clientele but also includes the real estate—providing you with a rare opportunity to invest in both a booming business and valuable property.
Operating at an impressive 18% cap rate, this venture offers instant cash flow and strong long-term potential. The business is currently open only 41 hours per week, leaving significant opportunity for growth through extended hours or private event hosting.
Meticulously maintained and immaculately clean, the property and business present exceptionally well and require no immediate improvements. Whether you're a seasoned investor or an entrepreneur looking to step into a thriving enterprise, this is a must-see opportunity.
Don't miss out—contact us today for a private showing and financial details. Serious inquiries only.
Your chance to own a highly profitable, fully operational business in the heart of downtown Detroit! This well-established cigar lounge, bar, and restaurant offers not only a premium atmosphere and loyal clientele but also includes the real estate—providing you with a rare opportunity to invest in both a booming business and valuable property.
Operating at an impressive 18% cap rate, this venture offers instant cash flow and strong long-term potential. The business is currently open only 41 hours per week, leaving significant opportunity for growth through extended hours or private event hosting.
Meticulously maintained and immaculately clean, the property and business present exceptionally well and require no immediate improvements. Whether you're a seasoned investor or an entrepreneur looking to step into a thriving enterprise, this is a must-see opportunity.
Don't miss out—contact us today for a private showing and financial details. Serious inquiries only.
Location
State MI
County Wayne
Area Area05041Det68Grflddequindre
Interior
Heating ForcedAir, NaturalGas
Exterior
View Y/N No
Garage false
Building
Foundation Slab
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Detroit
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Chad Apap of EXP Z Real Estate
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