Dearborn, Michigan is a prime location for investing in restaurants, with its rich history, diverse population, and strong economy. As the hometown of the Ford Motor Company and its founder, Henry Ford, Dearborn has a unique blend of industrial and cultural attractions that draw visitors and residents alike. Restaurants in Dearborn offer a range of investment opportunities, from casual eateries to fine dining establishments, catering to the city's diverse population of around 100,000 people. With its convenient location, approximately 7 miles west of downtown Detroit, Dearborn provides easy access to major transportation facilities, including the John D. Dingell Transit Center and the Michigan Department of Transportation Michigan Line. The city's amenities, such as the Dearborn Ice Skating Center, the Dearborn Civic Center, and the University of Michigan campus, make it an attractive location for businesses and residents. Additionally, Dearborn's strong economy, driven by industries like automotive manufacturing, healthcare, and education, ensures a steady flow of customers for restaurants.
With 1 restaurants for sale in Dearborn, investors have a range of options to choose from. Dearborn's restaurants offer a unique blend of cultural and culinary experiences, reflecting the city's diverse heritage. In addition to restaurants, Dearborn also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels, each with its own unique characteristics and advantages. For instance, apartment buildings in Dearborn offer a steady stream of rental income, while shopping centers provide a hub for local commerce. Specialty properties, such as the Arab American National Museum, offer a unique cultural experience, and hotels, like the Henry Ford Hotel, cater to tourists and business travelers. Overall, Dearborn's diverse range of investment opportunities makes it an attractive location for investors looking to tap into the city's growing economy.
What is the average cost per square foot for a restaurant in Dearborn?
The average cost per square foot for a restaurant in Dearborn is $595 USD per square foot, with an average size of 1,092 square feet and a largest size available of 1,092 square feet, among the 1 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Dearborn?
When evaluating the value of a restaurant for sale in Dearborn, several key factors come into play, including:
- Location, with proximity to major attractions like The Henry Ford and the University of Michigan-Dearborn, as well as accessibility to main roads and public transportation, impacting foot traffic and customer base;
- Size and layout, with an average size of 1,092 square feet and a maximum size of 1,092 square feet, affecting seating capacity, kitchen efficiency, and overall operational flow;
- Financial performance, including the average price per square foot of $595 USD and an average cap rate of , influencing the restaurant's profitability and potential for growth.
