OTUS SUPPLY RESTAURANT & MUSIC VENUE IN FERNDALE

FOR SALE

Listing Information

  • $2,400,000
  • Type: Restaurant/Bar
  • MLCC: Class C
  • Availability: For Sale
  • Additional Revenue: Concerts held in Parliament Room
  • Lot Size: .55 acres
  • Patio Size: 600
  • Contract Terms: Outright Sale
  • Size Information: 11,500 sq ft
  • Sale Terms: For Sale $2,400,000.00
  • Basement: N/A
  • Building Price: $2,200,000.00
  • Seating: 260 plus outdoor patio of 60 seats
  • Sales Volume: Greater than $4 million
  • Parking: Public and Private Parking

Full Details

Price Reduction to $2.2 Million: Real Estate and Business Assets For Sale in Ferndale Michigan for One-of-a Kind Restaurant and Entertainment Venue. 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, two dining rooms, Patio Dining, full bar and 4 bathrooms.

THG Office
203 Chicane Lane
Pontiac, Michigan 48341