
Listed by Keller Williams Legacy
$575,000
2010 Springwells Street
Details
APN W20I005175C6
Property Type Business for Sale, Retail
Sub Type Business and Building, Restaurant
Square Footage 1,092
Cap Rate 52.17%
NOI $300,000
Price per SqFt $527
Year Built 1961
Acreage 0.170
Businessand Real Estate For Sale | 1,100 SqFt
Marketing description
Property FOR SALE: Family Treats Ice Cream Shop of Southwest Detroit - FOR SALE: BUSINESS AND PROPERTY! Family Treats Ice Cream Shop, a well-established family-owned business, is now available for sale, including both the business and the property. Located in the vibrant Springwells area of Southwest Detroit, this corner unit offers excellent visibility, and ample parking, and is surrounded by a strong community of family homes, schools, and parks. The shop has been in operation since 1957 and is part of a popular Coney Island-style food, The business benefits from a loyal customer base and a lively neighborhood atmosphere. The property features great updates, with the building and parking area in excellent condition. It is equipped with ideal walk-in coolers, freezers, and other high-quality accessories for efficient operation. Additionally, Family Treats offers DoorDash delivery services and has successfully promoted food items in the past, including hot dogs, walking tacos, and more. The shop enjoys a strong online presence, with a 4.7-star rating on Google Reviews from nearly 700 reviews. This is an ideal opportunity for a family enterprise seeking a turnkey business in a prime location, with an established reputation and room for continued growth.
Listing Contacts

Listed by Keller Williams Legacy
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$300,000.00
$25,000.00/mo
Valuation Metrics
0
DSCR
52.17%
Cap Rate
52.17%
ROI
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