Property Summary:• Turn-key restaurant with loyal clientele• Business, equipment and exclusive recipes included• Ample parking in private lot• Motivated seller will review and consider all offers

Property Address: 15535 W. McNichols Rd., Detroit, MI 48235

FOR SALE

Disclosure: We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease of financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You your tax and legal advisors should conduct your own investigation of the property and transaction.

Contacts: J. David Elwood Direct (248) 939-9974 Email: JDavid@LocationsMI.com

Pharoah TurnerDirect 313-433-4443Email: PharoahT@LocationsMI.com

Locations Commercial Real Estate Services32000 Northwestern Highway, Ste. 275Farmington Hills, MI 48334Office: (248) 516-7777

• 3,200 SF includes buffet area & seating• 27,000+ APD traffic count• Asking: $175,000

Price Reduced

Property Address:

15535 W. McNichols Rd., Detroit, MI 48235

Property Details

• Turn-key restaurant with loyal clientele

• Restaurant is a prominent fixture in the area

• 67' frontage on W. McNichols Rd., west of Greenfield

• 3,200 SF with over 20 feet of buffet area and 38' x 30' seating up front

• Business, equipment and exclusive recipes included

• Equipment included: walk-in freezer, walk-in refrigerator, 3 fryers, 2 large smokers 2 ovens w/six burners, and a grill flattop

• Ample parking in private lot

• Motivated seller will review and consider all offers

• 27,000+ APD traffic count

• Asking: $175,000

Property Address:

15535 W. McNichols Rd., Detroit, MI 48235

Interior

Property Address:

15535 W. McNichols Rd., Detroit, MI 48235

Demographics2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 1 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4157/-83.2001RF5

15535 W. McNichols Rd.1 mi radius 2 mi radius 3 mi radius

Detroit, MI 48235

PopulationEstimated Population (2016) 22,429 86,281 167,563Projected Population (2021) 22,143 86,714 170,629Census Population (2010) 23,285 89,651 171,166Census Population (2000) 28,028 110,111 216,984Projected Annual Growth (2016 to 2021) -287 -0.3% 433 0.1% 3,066 0.4%

Historical Annual Growth (2010 to 2016) -856 -0.6% -3,370 -0.6% -3,603 -0.4%

Historical Annual Growth (2000 to 2010) -4,743 -1.7% -20,460 -1.9% -45,817 -2.1%

Estimated Population Density (2016) 7,142 psm 6,869 psm 5,929 psm

Trade Area Size 3.14 sq mi 12.56 sq mi 28.26 sq mi

HouseholdsEstimated Households (2016) 8,882 33,573 65,747Projected Households (2021) 8,960 34,501 68,486Census Households (2010) 8,939 33,877 65,100Census Households (2000) 10,136 38,934 76,820Estimated Households with Children (2016) 2,814 31.7% 11,055 32.9% 21,612 32.9%

Estimated Average Household Size (2016) 2.49 2.54 2.53

Average Household IncomeEstimated Average Household Income (2016) $43,631 $44,893 $43,537Projected Average Household Income (2021) $48,839 $50,201 $48,539

Estimated Average Family Income (2016) $51,094 $51,022 $50,274

Median Household IncomeEstimated Median Household Income (2016) $36,367 $38,272 $36,492Projected Median Household Income (2021) $40,308 $42,341 $40,169

Estimated Median Family Income (2016) $44,668 $46,475 $45,143

Per Capita IncomeEstimated Per Capita Income (2016) $17,364 $17,553 $17,151Projected Per Capita Income (2021) $19,849 $20,058 $19,550Estimated Per Capita Income 5 Year Growth $2,485 14.3% $2,505 14.3% $2,398 14.0%

Estimated Average Household Net Worth (2016) $232,384 $245,390 $240,238

Daytime Demos (2016)Total Businesses 650 2,632 5,428Total Employees 3,836 14,549 35,129Company Headquarter Businesses - - - - 6 0.1%

Company Headquarter Employees - - - - 495 1.4%

Employee Population per Business 5.9 5.5 6.5Residential Population per Business 34.5 32.8 30.9

Property Address:

15535 W. McNichols Rd., Detroit, MI 48235

Demographics2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 2 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4157/-83.2001RF5

15535 W. McNichols Rd.1 mi radius 2 mi radius 3 mi radius

Detroit, MI 48235

Race & EthnicityWhite (2016) 2,242 10.0% 9,289 10.8% 17,920 10.7%Black or African American (2016) 19,429 86.6% 73,952 85.7% 143,804 85.8%American Indian or Alaska Native (2016) 65 0.3% 236 0.3% 449 0.3%Asian (2016) 161 0.7% 594 0.7% 1,049 0.6%Hawaiian or Pacific Islander (2016) 4 - 6 - 15 - Other Race (2016) 53 0.2% 217 0.3% 558 0.3%Two or More Races (2016) 474 2.1% 1,987 2.3% 3,768 2.2%

Not Hispanic or Latino Population (2016) 22,129 98.7% 84,987 98.5% 165,033 98.5%Hispanic or Latino Population (2016) 300 1.3% 1,294 1.5% 2,530 1.5%Not Hispanic or Latino Population (2021) 21,756 98.3% 85,038 98.1% 167,347 98.1%Hispanic or Latino Population (2021) 387 1.7% 1,676 1.9% 3,282 1.9%Not Hispanic or Latino Population (2010) 23,149 99.4% 88,992 99.3% 169,806 99.2%Hispanic or Latino Population (2010) 136 0.6% 659 0.7% 1,361 0.8%Not Hispanic or Latino Population (2000) 27,855 99.4% 109,429 99.4% 215,529 99.3%Hispanic or Latino Population (2000) 172 0.6% 682 0.6% 1,455 0.7%Projected Hispanic Annual Growth (2016 to 2021) 87 5.8% 382 5.9% 751 5.9%Historic Hispanic Annual Growth (2000 to 2016) 128 4.6% 612 5.6% 1,076 4.6%

Age Distribution (2016)Age Under 5 1,198 5.3% 5,021 5.8% 10,047 6.0%Age 5 to 9 Years 1,290 5.8% 5,157 6.0% 10,054 6.0%Age 10 to 14 Years 1,362 6.1% 5,391 6.2% 10,494 6.3%Age 15 to 19 Years 1,457 6.5% 5,660 6.6% 11,175 6.7%Age 20 to 24 Years 1,571 7.0% 6,122 7.1% 12,257 7.3%Age 25 to 29 Years 1,311 5.8% 5,324 6.2% 10,735 6.4%Age 30 to 34 Years 1,197 5.3% 4,815 5.6% 9,410 5.6%Age 35 to 39 Years 1,161 5.2% 4,613 5.3% 8,810 5.3%Age 40 to 44 Years 1,384 6.2% 5,139 6.0% 10,279 6.1%Age 45 to 49 Years 1,284 5.7% 5,156 6.0% 10,163 6.1%Age 50 to 54 Years 1,455 6.5% 5,334 6.2% 10,515 6.3%Age 55 to 59 Years 1,698 7.6% 6,363 7.4% 11,881 7.1%Age 60 to 64 Years 1,747 7.8% 6,587 7.6% 12,253 7.3%Age 65 to 74 Years 2,672 11.9% 9,547 11.1% 17,819 10.6%Age 75 to 84 Years 1,124 5.0% 4,186 4.9% 8,037 4.8%Age 85 Years or Over 518 2.3% 1,866 2.2% 3,637 2.2%Median Age 41.6 40.1 39.4

Gender Age Distribution (2016)Female Population 12,293 54.8% 47,180 54.7% 91,958 54.9%

Age 0 to 19 Years 2,627 21.4% 10,584 22.4% 20,839 22.7%Age 20 to 64 Years 7,105 57.8% 27,223 57.7% 53,192 57.8%Age 65 Years or Over 2,561 20.8% 9,372 19.9% 17,927 19.5%

Female Median Age 44.2 42.6 41.8

Male Population 10,136 45.2% 39,101 45.3% 75,605 45.1%Age 0 to 19 Years 2,680 26.4% 10,645 27.2% 20,930 27.7%Age 20 to 64 Years 5,703 56.3% 22,230 56.9% 43,110 57.0%Age 65 Years or Over 1,753 17.3% 6,226 15.9% 11,565 15.3%

Male Median Age 38.1 36.9 36.3

Property Address:

15535 W. McNichols Rd., Detroit, MI 48235

Demographics2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 3 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4157/-83.2001RF5

15535 W. McNichols Rd.1 mi radius 2 mi radius 3 mi radius

Detroit, MI 48235

Household Income Distribution (2016)HH Income $200,000 or More 116 1.3% 355 1.1% 830 1.3%HH Income $150,000 to $199,999 127 1.4% 707 2.1% 1,227 1.9%HH Income $100,000 to $149,999 637 7.2% 2,625 7.8% 4,736 7.2%HH Income $75,000 to $99,999 840 9.5% 3,006 9.0% 5,599 8.5%HH Income $50,000 to $74,999 1,472 16.6% 5,486 16.3% 10,521 16.0%HH Income $35,000 to $49,999 1,217 13.7% 4,994 14.9% 9,455 14.4%HH Income $25,000 to $34,999 916 10.3% 3,954 11.8% 8,172 12.4%HH Income $15,000 to $24,999 1,553 17.5% 5,306 15.8% 10,207 15.5%HH Income Under $15,000 2,004 22.6% 7,140 21.3% 14,999 22.8%

HH Income $35,000 or More 4,409 49.6% 17,173 51.2% 32,368 49.2%HH Income $75,000 or More 1,720 19.4% 6,693 19.9% 12,392 18.8%

Housing (2016)Total Housing Units 10,242 39,613 77,988Housing Units Occupied 8,882 86.7% 33,573 84.8% 65,747 84.3%

Housing Units Owner-Occupied 5,712 64.3% 21,840 65.1% 40,461 61.5%Housing Units, Renter-Occupied 3,170 35.7% 11,733 34.9% 25,286 38.5%

Housing Units, Vacant 1,360 13.3% 6,039 15.2% 12,242 15.7%

Marital Status (2016)Never Married 8,380 45.1% 31,848 45.0% 62,161 45.4%Currently Married 4,880 26.3% 19,599 27.7% 36,124 26.4%Separated 1,253 6.7% 4,295 6.1% 8,650 6.3%Widowed 1,418 7.6% 5,116 7.2% 10,926 8.0%Divorced 2,648 14.3% 9,854 13.9% 19,108 14.0%

Household Type (2016)Population Family 18,461 82.3% 72,024 83.5% 139,321 83.1%Population Non-Family 3,676 16.4% 13,318 15.4% 26,859 16.0%Population Group Quarters 292 1.3% 939 1.1% 1,383 0.8%

Family Households 5,683 64.0% 21,984 65.5% 42,312 64.4%Non-Family Households 3,199 36.0% 11,590 34.5% 23,434 35.6%Married Couple with Children 751 15.4% 3,134 16.0% 5,812 16.1%Average Family Household Size 3.2 3.3 3.3

Household Size (2016)1 Person Households 2,834 31.9% 10,274 30.6% 20,792 31.6%2 Person Households 2,524 28.4% 9,541 28.4% 18,319 27.9%3 Person Households 1,493 16.8% 5,813 17.3% 11,230 17.1%4 Person Households 1,024 11.5% 3,895 11.6% 7,427 11.3%5 Person Households 545 6.1% 2,128 6.3% 4,186 6.4%6 or More Person Households 462 5.2% 1,922 5.7% 3,793 5.8%

Household Vehicles (2016)Households with 0 Vehicles Available 1,379 15.5% 5,390 16.1% 11,216 17.1%Households with 1 Vehicles Available 4,465 50.3% 15,568 46.4% 30,686 46.7%Households with 2 or More Vehicles Available 3,039 34.2% 12,615 37.6% 23,844 36.3%

Total Vehicles Available 11,794 45,356 86,686Average Vehicles Per Household 1.3 1.4 1.3

Property Address:

15535 W. McNichols Rd., Detroit, MI 48235

Demographics2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 4 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4157/-83.2001RF5

15535 W. McNichols Rd.1 mi radius 2 mi radius 3 mi radius

Detroit, MI 48235

Labor Force (2016)Estimated Labor Population Age 16 Years or Over 18,329 69,669 134,911Estimated Civilian Employed 8,135 44.4% 31,183 44.8% 61,112 45.3%Estimated Civilian Unemployed 820 4.5% 3,382 4.9% 7,084 5.3%Estimated in Armed Forces - - - - 12 - Estimated Not in Labor Force 9,373 51.1% 35,105 50.4% 66,703 49.4%Unemployment Rate 4.5% 4.9% 5.3%

Occupation (2010)Occupation: Population Age 16 Years or Over 7,400 29,742 56,429Management, Business, Financial Operations 795 10.7% 3,464 11.6% 6,431 11.4%Professional, Related 1,144 15.5% 5,041 17.0% 9,578 17.0%Service 1,859 25.1% 7,250 24.4% 13,965 24.7%Sales, Office 2,143 29.0% 8,192 27.5% 15,432 27.3%Farming, Fishing, Forestry 57 0.8% 105 0.4% 140 0.2%Construct, Extraction, Maintenance 273 3.7% 1,500 5.0% 2,560 4.5%Production, Transport Material Moving 1,129 15.3% 4,189 14.1% 8,323 14.7%

White Collar Workers 4,082 55.2% 16,697 56.1% 31,441 55.7%Blue Collar Workers 3,318 44.8% 13,045 43.9% 24,988 44.3%

Consumer Expenditure (2016)Total Household Expenditure $355 M $1.37 B $2.62 B

Total Non-Retail Expenditure $190 M 53.6% $733 M 53.7% $1.41 B 53.6%Total Retail Expenditure $165 M 46.4% $633 M 46.3% $1.22 B 46.4%

Apparel $12.3 M 3.5% $47.4 M 3.5% $91.1 M 3.5%Contributions $13.5 M 3.8% $52.5 M 3.8% $101 M 3.8%Education $11.8 M 3.3% $45.6 M 3.3% $87.8 M 3.3%Entertainment $19.5 M 5.5% $75.0 M 5.5% $144 M 5.5%Food and Beverages $53.9 M 15.2% $207 M 15.2% $398 M 15.2%Furnishings and Equipment $11.5 M 3.2% $44.4 M 3.3% $85.0 M 3.2%Gifts $7.94 M 2.2% $30.8 M 2.3% $59.0 M 2.3%Health Care $30.2 M 8.5% $116 M 8.5% $222 M 8.5%Household Operations $9.28 M 2.6% $35.8 M 2.6% $68.6 M 2.6%Miscellaneous Expenses $5.39 M 1.5% $20.7 M 1.5% $39.8 M 1.5%Personal Care $4.64 M 1.3% $17.8 M 1.3% $34.2 M 1.3%Personal Insurance $2.38 M 0.7% $9.20 M 0.7% $17.6 M 0.7%Reading $778 K 0.2% $2.99 M 0.2% $5.74 M 0.2%Shelter $73.3 M 20.6% $282 M 20.7% $542 M 20.7%Tobacco $2.52 M 0.7% $9.61 M 0.7% $18.5 M 0.7%Transportation $67.7 M 19.1% $260 M 19.1% $499 M 19.0%Utilities $28.4 M 8.0% $109 M 8.0% $209 M 8.0%

Educational Attainment (2016)Adult Population Age 25 Years or Over 15,551 58,930 113,537Elementary (Grade Level 0 to 8) 445 2.9% 1,885 3.2% 3,896 3.4%Some High School (Grade Level 9 to 11) 1,842 11.8% 6,352 10.8% 13,036 11.5%High School Graduate 5,502 35.4% 20,037 34.0% 37,063 32.6%Some College 4,303 27.7% 16,475 28.0% 32,024 28.2%Associate Degree Only 1,178 7.6% 4,654 7.9% 8,875 7.8%Bachelor Degree Only 1,439 9.3% 5,686 9.6% 11,149 9.8%Graduate Degree 842 5.4% 3,841 6.5% 7,495 6.6%

Property Address:

15535 W. McNichols Rd., Detroit, MI 48235

Demographics2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 5 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4157/-83.2001RF5

15535 W. McNichols Rd.1 mi radius 2 mi radius 3 mi radius

Detroit, MI 48235

Units In Structure (2010)1 Detached Unit 7,424 83.0% 28,414 83.9% 52,511 80.7%1 Attached Unit 267 3.0% 1,493 4.4% 2,760 4.2%2 to 4 Units 276 3.1% 1,363 4.0% 4,138 6.4%5 to 9 Units 124 1.4% 390 1.2% 948 1.5%10 to 19 Units 209 2.3% 595 1.8% 1,450 2.2%20 to 49 Units 282 3.2% 718 2.1% 1,254 1.9%50 or More Units 311 3.5% 699 2.1% 1,671 2.6%Mobile Home or Trailer 45 0.5% 204 0.6% 366 0.6%Other Structure - - - - 2 -

Homes Built By Year (2010)Homes Built 2005 or later 96 1.1% 410 1.2% 1,012 1.6%Homes Built 2000 to 2004 192 2.2% 795 2.3% 1,509 2.3%Homes Built 1990 to 1999 412 4.6% 1,509 4.5% 3,053 4.7%Homes Built 1980 to 1989 355 4.0% 1,390 4.1% 2,774 4.3%Homes Built 1970 to 1979 581 6.5% 2,160 6.4% 4,563 7.0%Homes Built 1960 to 1969 876 9.8% 2,960 8.7% 6,284 9.7%Homes Built 1950 to 1959 2,257 25.2% 8,928 26.4% 16,973 26.1%Homes Built Before 1949 4,171 46.7% 15,725 46.4% 28,933 44.4%

Home Values (2010)Home Values $1,000,000 or More 23 0.4% 84 0.4% 105 0.3%Home Values $500,000 to $999,999 31 0.5% 150 0.7% 239 0.6%Home Values $400,000 to $499,999 32 0.6% 145 0.6% 243 0.6%Home Values $300,000 to $399,999 94 1.6% 370 1.7% 663 1.6%Home Values $200,000 to $299,999 255 4.4% 1,413 6.3% 2,531 6.2%Home Values $150,000 to $199,999 517 8.9% 2,499 11.2% 4,598 11.3%Home Values $100,000 to $149,999 1,572 27.0% 5,367 24.1% 9,349 22.9%Home Values $70,000 to $99,999 1,583 27.2% 5,635 25.3% 9,909 24.3%Home Values $50,000 to $69,999 830 14.3% 2,998 13.4% 5,724 14.0%Home Values $25,000 to $49,999 615 10.6% 2,487 11.2% 4,878 12.0%Home Values Under $25,000 261 4.5% 1,155 5.2% 2,532 6.2%Owner-Occupied Median Home Value $91,930 $97,473 $95,490Renter-Occupied Median Rent $610 $628 $621

Transportation To Work (2010)Drive to Work Alone 5,676 79.7% 23,233 80.8% 43,451 79.5%Drive to Work in Carpool 490 6.9% 2,408 8.4% 4,732 8.7%Travel to Work by Public Transportation 505 7.1% 1,713 6.0% 3,474 6.4%Drive to Work on Motorcycle 6 0.1% 14 - 28 0.1%Walk or Bicycle to Work 136 1.9% 411 1.4% 994 1.8%Other Means 85 1.2% 191 0.7% 413 0.8%Work at Home 220 3.1% 790 2.7% 1,545 2.8%

Travel Time (2010)Travel to Work in 14 Minutes or Less 966 14.0% 3,982 14.2% 7,471 14.1%Travel to Work in 15 to 29 Minutes 3,540 51.3% 14,177 50.7% 26,457 49.8%Travel to Work in 30 to 59 Minutes 2,020 29.3% 8,458 30.2% 16,008 30.2%Travel to Work in 60 Minutes or More 371 5.4% 1,353 4.8% 3,157 5.9%Average Minutes Travel to Work 24.1 24.1 24.2