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Asking Price: $649,000

Restaurant for Sale with Banquet Hall High Visibility Location

Not Disclosed, Not Disclosed
Not disclosed

An exceptional opportunity awaits in the heart of downtown Oak Park, Michigan. After 16 successful years in the same high-visibility location, this well-known Mediterranean Restaurant for Sale is relocating to a new standalone building, creating a rare chance to take over a fully built-out, turnkey space with a long history of strong performance.This expansive 5,800 square foot Restaurant for Sale has been meticulously maintained and features an impressive, high-end buildout throughout. The kitchen is fully equipped with top-quality equipment, all in outstanding condition, allowing for seamless continued operation without the need for major upgrades. The spacious dining area is beautifully finished with upscale tile work and modern design elements, creating an inviting and polished atmosphere ideal for both everyday dining and large gatherings. Due to the sheer size and layout of the dining space, the restaurant also functions exceptionally well as a banquet hall, making it perfect for hosting private parties, celebrations, corporate events, and group dining experiences. The space also includes a full bar and comes with a highly desirable Class C liquor license.Historically, this Restaurant for Sale location has been a top performer, consistently generating approximately $180,000 per month prior to the temporary closure of the nearby I-696 expressway last year. Despite this disruption, the business has remained resilient, still producing around $120,000 per month. With the expressway scheduled to reopen this fall, sales are projected to rebound to previous levels, offering strong upside potential. Call We Sell Restaurants today to schedule your tour!The lease is very affordable for a space of this size, quality, and prime location, making it an attractive option for experienced operators or new concepts. The new owner of this Restaurant for Sale could rename this restaurant/banquet hall and continue the Mediterranean concept seemlessly and have a thriving restaurant on day 1. However, the versatile layout and premium buildout allow it to be easily repurposed as a coney island, or transformed into a thriving sports bar or even a high-energy nightclub concept. This is a rare, move-in-ready opportunity with immediate income potential and strong future growth..By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.

Cash Flow Not Disclosed
Revenue $1,500,000

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