Investment Highlights
Executive Summary
Fully equipped restaurant including a Class C license,...The City of Southfield is one of the premier business and residential addresses in Michigan. Located in Oakland County, Southfield is home to more than 71,000 residents and over 100 ?Fortune 500? companies. With a daytime population nearing 175,000, over 27 million square feet of office space and more than seven million square feet of retail and industrial space?Southfield is truly Michigan?s undisputed business center. In fact, Southfield boasts more office space than the central business districts of Cleveland, Cincinnati, Detroit, Indianapolis or Kansas City. Residents and businesses alike come to Southfield for its central location, excellent city services and easy access to all of southeastern Michigan. Southfield well located to the Detroit Metro area serving as replacement for companies leaving the city of Detroit throughout the 1970?s-1990?s as well national companies that were seeking a first class community. Southfield is accessible within a 30 minute drive to all of Southeastern MI communities totaling over 4 million in population. The subject property may be used by another restaurant to service the Southfield neighboring communities and a daytime population of over 175,000 people. The subject property due to it land size may be well suited for a redevelopment for other services uses such as medical, office, hotels and retail all permitted uses in this area of Southfield. However the highest best use for the building would be a destination restaurant for a local multi store operator. The Southfield market for full service restaurants have seen many turnovers and trending down for the past years. The New casual theme restaurants have moved to other newer areas in Detroit metro area with more offerings of newer restaurants.
