Location: 345 E. Nine Mile Road, Ferndale, MI, 48220, United States

Sale Leaseback Opportunity in Ferndale Michigan for One-of-a Kind Restaurant and Entertainment Venue

Asking Price: $3,700,000.00

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Description

Asking Price: $3,700,000.00

Building SF:  Approx. 11,500

Outdoor Patio SF:  Approx. 800

Acres:  Approx. .55

Seating: 260 plus 60 on the Patio

MLCC: Class C Liquor License

Parking: Private Onsite as well as On Street and Public Parking

This property boasts “House of Blues” vibes with the ability to host big local/national concerts and events.  The large kitchen can service the restaurant and cater events in the concert room and outdoor patio.  The going concern business is a winner of major awards in Detroit including: Metro Times Best of Detroit Restaurant 2018 and 2019; Best New Restaurant; Best Bar Décor; and Eater Detroit Design of the Year.

The real estate includes an 11,500 sf, one story retail building with an 800 square foot patio, situated on a .55 acre lot.  Located in the Central Business District of Ferndale, Michigan, it is in a vibrant entertainment destination area that holds the most value in Ferndale’s commercial real estate sector.  Previously used as an industrial space, the building has high ceilings, large open spaces and can accommodate a wide variety of uses. It currently has many amenities to support entertainment, restaurant, bar or other service-based uses. The building is sprinklered and features:

  • Parliament Room with advanced audio-visual equipment, seating, a full bar, stage, lighting and advanced acoustic design
  • 2 state-of-the-art kitchens including a prep kitchen and production kitchen
  • 1 private dining room
  • 1 standard dining room
  • Patio dining
  • 1 full bar
  • 4 bathrooms, including one with an executive shower
  • Heavy power
  • Ample parking with thirty-two spaces as well as on street and public parking
  • Seating for 260 people plus 60 on the patio
  • Class C liquor license.

 

**Seller will consider a sale of the real estate plus the business for the right price**

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