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29494047
29494054

2010 Springwells Street, Detroit, MI 48209 For Sale

JJ
6501460348
Keller Williams Legacy
Listed by Keller Williams Legacy
$575,000
171 days on market
Updated 14 days ago

2010 Springwells Street

Details
APN W20I005175C6
Property Type Business for Sale, Retail (+2)
Sub Type Business and Building, Restaurant (+3)
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.
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Listing Contacts

JJ
6501460348
Keller Williams Legacy
Listed by Keller Williams Legacy

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$300,000.00
$25,000.00/mo

Valuation Metrics

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DSCR
52.17%
Cap Rate
52.17%
ROI

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