Extraordinary Downtown Detroit Restaurant & Bar 2 Levels

Detroit, MI
Asking Price:$1,200,000
Rent:$13,600/Month
BUSINESS DESCRIPTION

Iconic Hard Corner Downtown Detroit Steakhouse & Bar

This 6,400 square foot space spans three levels at the prestigious iconic Downtown Detroit Central Business District hard corner of Shelby & Congress, at 607 Shelby Street. This is a unique blend of (3,600 SF) of exquisite ground / first-floor dining, (2,000 SF) of extraordinary second-floor 'Skybridge' dining which spans over Shelby Street, and (800 SF) of fully utilized basement storage.

Acquisition price of $1,200,00.00. 10 Year Lease with (3) 5 Year Renewal Options ~ commenced
September 2021. 22 Years of potential contract term remaining.

Ideal Downtown Detroit corner location for an extraordinary restaurant/bar establishment. Located at the very core of the Detroit Central Business District, at the historic downtown Detroit hard corner of Shelby and Congress. Walking distance from Quicken Loans, Ford Field, just one block from Huntington Place, Little Caesars Arena and more; and at the epicenter of Detroit entertainment, food, beverage and pedestrian traffic.

Situated in the same block collection as Shinola Hotel, Foundation, Cambria Hotel and restaurant/bar Apparatus Room, London Chop House, Dime Store, Shelby Bar, Buhl Bar the former Trust Lounge (now undergoing brand change and construction and set to reopen in 2025) and many more within blocks; just two streets west of the iconic Campus Martius.


ATTACHED DOCUMENTS
Lino Realty_Hanah_Offering Brochure.pdf.pdf Download

DETAILED INFORMATION
Location
Detroit, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,400
Lease Expiration
21/09/2031
Facilities
3600sf Groundfloor restaurant + 2000sf Skybridge + 800sf LL Storage Fully Equipped, Turn Key Ready Impressive Premium 'Chef' Kitchen equipped with Premium Top of the Line Equipment (Equipment List Available) 22 Years of Term remaining - (7 years of Initial Term + 15 years of renewal options) Two Extraordinary Distinct Spaces in one gorgeous historic mixed use building Modern, elegant, stylish and extraordinary interior design, palette and finishes
Growth & Expansion
22 Years of Term remaining - (7 years of Initial Term + 15 years of renewal options. Ideal opportunity to own and grow an extraordinary establishment in the rapidly expanding Downtown Detroit market.
Financing
Attractive Financing Option / Package Available to Qualified Purchasers
Reason for Selling
Owners focusing on quickly expanding core restaurant brand.

BUSINESS LOCATION
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Michael Scamardella
Michael Scamardella