former draft street bar & grill for sale€¦ · executive summary:former draft street bar...
TRANSCRIPT
MARK SZERLAGPartnermszer [email protected]
ERIC SZERLAGSenior Assoc ia teeszer [email protected]
EXCLUSIVELY LISTED BY:
FORMER DRAFTSTREET BAR & GRILL
FOR SALE
1 0 6 S . L A FAY E T T E , S O U T H LY O N , M I 4 8 1 7 8
E X E C U T I V E S U M M A R Y : Former Draft Street Bar & Grill | South Lyon, MI 48178
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 2
DEMOGRAPHICS 1 Mile 3 Miles 5 Miles
Total Households: 3,790 10,881 16,996
Total Population: 9,295 28,798 45,492
Average HH Income: $68,500 $80,076 $83,962
PROPERTY HIGHLIGHTS
• One of the fastest growing communities in Michigan.
• Fully built out restaurant space with additional retail space.
• Class C Liquor license and FF & E inluded in sale.
• City parking lot located adjacent to the building.
• Located at the major intersection in Downtown South Lyon.
OFFERING SUMMARY
Sale Price: PRICE REDUCED!Was: $849,000.00Now: $799,000.00
Price / SF: $117.50
Location Description: Located on the southwest corner ofLafayette and Lake Street.
APN: 21-30-228-014
Year Built: 1966
Building Size: 6,800 SF
Zoning: B-1
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 3
PROPERTY NAME: 106 S. Lafayette
PROPERTY ADDRESS: 106 S. LafayetteSouth Lyon, MI 48178
PROPERTY TYPE: Retail
APN: 21-30-228-014
ZONING: B-1
TAXES: 2016 Summer = $8,500.152016 Winter = $113.25
YEAR BUILT: 1966
NUMBER OF STORIES: 2
SURROUNDING BUSINESSES: Downtown businesses.
LAND LEGAL DESCRIPTION: T1N, R7E, SEC 30 CALKINS ADD LOTS 2 TO 5 INCL BLK 1
UTILITIES DESCRIPTION: City Water & Sanitary Sewer
TRAFFIC COUNT & STREETS: 10 Mile = 10,634; Lafayette = 15,470
BUILDING SIZE: 6,800 SF
NO. OF PARKING SPACES: Ample Street and Municipal parking available.
ADDITIONAL COMMENTS: Building is currently separated into 2 suites; a restaurant and a small market, but was originally builtas one freestanding restaurant. New owners could continue to operate the restaurant separately, orcombine the suites into one free standing restaurant space.
P R O P E R T Y D E TA I L S : Former Draft Street Bar & Grill | South Lyon, MI 48178
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 4
B U I L D I N G P H O T O S : Former Draft Street Bar & Grill | South Lyon, MI 48178
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 5
B U I D L I N G S K E T C H : Former Draft Street Bar & Grill | South Lyon, MI 48178
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 6
R E TA I L E R M A P : Former Draft Street Bar & Grill | South Lyon, MI 48178
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 7
L O C AT I O N M A P S : Former Draft Street Bar & Grill | South Lyon, MI 48178
Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335
thomasduke.com | 8
* Demographic data derived from 2010 US Census
POPULATION 1 MILE 3 MILES 5 MILESTOTAL POPULATION 9,295 28,798 45,492MEDIAN AGE 36.5 37.1 38.4MEDIAN AGE (MALE) 34.5 36.0 37.7MEDIAN AGE (FEMALE) 38.3 38.4 39.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILESTOTAL HOUSEHOLDS 3,790 10,881 16,996# OF PERSONS PER HH 2.5 2.6 2.7AVERAGE HH INCOME $68,500 $80,076 $83,962AVERAGE HOUSE VALUE $351,187 $269,281 $276,406
D E M O G R A P H I C S M A P : Former Draft Street Bar & Grill | South Lyon, MI 48178