SALE LEASE BACK: RESTAURANT & MUSIC VENUE IN FERNDALE

Sale Leaseback Opportunity 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.  **Seller will consider a sale of the real estate plus the business for the right price**

 

  • Address: 345 E. Nine Mile, Ferndale MI 48220 
  • Building Size: 11,500 sq ft 
  • Patio Size: 600  
  • Lot Size: .55 acres 
  • Seating: 260 plus outdoor patio of 60 seats 
  • Additional Revenue: Concerts held in Parliament Room 
  • MLCC: Class C 
  • Price: $3,900,000 
  • For Sale: For Sale 
  • Parking: Public and Private Parking 
  • Sales Volume: Greater than $3 million 
  • Building Price: $3,900,000.00 
  • Basement: N/A 
  • Phone Number: 248-866-4855 

Sale Terms

SALE LEASE BACK WITH RENT COMMENSURATE WITH A PURCHASE THAT SIZE.

Size Information

11,500 sq ft

Contract Terms

Sale Lease Back