Rare and incredible turnkey opportunity to buy one of Detroit’s most beloved corner buildings in the East Side. Dating back to 1964, the fully updated, turnkey concrete block building (formerly the home of Rose's Fine Food and Wine) is situated on a highly visible corner in East Village, where the owners meticulously renovated nearly every square inch except for the historic counter and stainless counter cooler (which was refurbished). The space was brought to life with thoughtful, creative details and updates, including a new roof (2020) and furnace (2019), tin ceiling, floor tiles and an iconic color palette. The newly landscaped outdoor area received equal attention, from raised beds and beautiful landscaping to a new wooden fence surrounding a gravel dining patio with picnic tables and bright pink umbrellas. All business assets and real estate included in the sale: Property, restaurant equipment, and furniture. The prime location is close to Belle Isle, the canals and marinas, Pewabic Pottery, and the Shepherd, a new public arts center opening this spring, as well as Indian Village, Jefferson Chalmers, Islandview, East English Village, Grosse Pointe Park and a straight shot downtown. Class C liquor available and can be purchased separately.
a month ago | Listing updated with changes from the MLS® | |
a month ago | Status changed to Pending | |
2 months ago | Listing first seen on site |
Provider and Settlement Service | Charge or Range of Charges |
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Sonic Realty LLC | 1%-6% of purchase price |
Sonic Title Agency, LLC |
Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.) Title Search Fee: $250 - $325 (where applicable) Closing Fee: $450 - $650 |
Sonic Loans Inc. This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing. |
Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees) Loan Discount Fee/points: 0.5%-6% of loan amount. Application/Processing Fee: $0.00 - $875.00 Flood and tax service: $0.00 - $95.00 Underwriting Fee: $0.00 - $1295.00 Document Review Fee: $0.00 - $400.00 Appraisal Fee: $0.00 - $850.00 Credit Report Fee: $0.00 - $135.00 Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing. |
Provider and Settlement Service | Charge or Range of Charges |
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Appraisal Fee | $0-$800 |
Credit Report Fee | $63-$125 |
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