45211 Park Ave | Utica, MI 48315
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- LoopNet Team
45211 Park Ave
Utica, MI 48315
Applebee's · Retail Property For Sale
Investment Highlights
- CLOSE PROXIMITY TO $1B REDEVELOPMENT – The subject property is located roughly 1-mile from the Lakeside City Center Redevelopment Project.
- TEAM Schostak Family Restaurants received Applebee’s corporate distinction as Franchisee of the Year in 2022.
- SUCCESSFUL OPERATING HISTORY – Applebee’s has been operating at this site since 1994 which proves the location’s success.
- MAIN RETAIL CORRIDOR – The property benefits from its strategic position in the heart of Utica’s main retail corridor.
- The lease is backed by TSFR Apple Venture, LLC which encompasses all 60+ TEAM Schostak Applebee’s restaurants in Michigan.
- SALES REPORTING – The tenant reports unit level sales at this location which benefits and allows the landlord to gauge the tenant’s performance
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,660 SF
Building Class
B
Year Built/Renovated
1994/2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.38 AC
Zoning
MXD - Mixed Use Development District
Parking
116 Spaces (9.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 11-07-35-351-101 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $867,300 |
Property Taxes
Parcel Number
11-07-35-351-101
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$867,300
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