Retail Space
24300 Hoover Road Warren, MI 48089
Details & Description
Price: $1,000,000
    DescriptionMotivated Seller! 9,516 SF stand-alone building currently operating as a bar/restaurant. The Hot Rock features live music and has been a family-owned and operated community landmark for over 40 years. The building features a large stage, a green room, a second-stage area in front of the building, a full kitchen, two bars, a new walk-in cooler, brand new carpeting throughout, and eight (8) new HD TV's. There is also a full-storage area above bar that's accessible by stairs. The main room has 10' ceilings with 16' ceilings in the backroom addition. Capital improvements include a new partially resurfaced 4 inch driveway, gabled roof replaced in 2018, and a new HVAC unit.Purchase includes the business. Price negotiable.HighlightsZoned for industrial, commercial, or retail useCity approved area for marijuana growing and/or processingLocated in the Opportunity ZoneLong-time family owned and operated entertainment hot spotAmple parking behind the buildingRestaurant capacity: 425 peopleClass C liquor licensePermit for dance & entertainment & additional barSolid poured-concrete foundation
    Listing Agents
    Kevin Bull

    O: 248-358-5361
    M: 248-895-9972
    kevin@pacommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    24300 Hoover Road

    Warren, MI 48089

    No Longer Listed
    24300 Hoover Road Warren, MI 48089 | for Sale | Photo 1
    Price
    $ /mo
    Description

    Description

    Motivated Seller! 9,516 SF stand-alone building currently operating as a bar/restaurant. The Hot Rock features live music and has been a family-owned and operated community landmark for over 40 years. The building features a large stage, a green room, a second-stage area in front of the building, a full kitchen, two bars, a new walk-in cooler, brand new carpeting throughout, and eight (8) new HD TV's. There is also a full-storage area above bar that's accessible by stairs. The main room has 10' ceilings with 16' ceilings in the backroom addition. Capital improvements include a new partially resurfaced 4 inch driveway, gabled roof replaced in 2018, and a new HVAC unit.

    Purchase includes the business. Price negotiable.

    Highlights

    Zoned for industrial, commercial, or retail use

    City approved area for marijuana growing and/or processing

    Located in the Opportunity Zone

    Long-time family owned and operated entertainment hot spot

    Ample parking behind the building

    Restaurant capacity: 425 people

    Class C liquor license

    Permit for dance & entertainment & additional bar

    Solid poured-concrete foundation

    Warren Area Market Trends

    Listing Demographics for 24300 Hoover Road Warren, MI 48089

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population12,290123,248360,202
    Population Median Age393738
    Population by Age0-9 Yrs1504 (12%)16649 (13%)46062 (12%)
    10-19 Yrs1420 (11%)15436 (12%)46385 (12%)
    20-29 Yrs1653 (13%)19221 (15%)55694 (15%)
    30-39 Yrs1775 (14%)16092 (13%)47132 (13%)
    40-49 Yrs1538 (12%)16389 (13%)46221 (12%)
    50-59 Yrs1699 (13%)16277 (13%)49000 (13%)
    60-69 Yrs1393 (11%)12569 (10%)37256 (10%)
    70+ Yrs1308 (10%)10615 (8%)32453 (9%)
    Median HH Income$37,359$41,311$42,050
    Total Household Income< 24K1810 (34%)14042 (28%)39965 (28%)
    25-49K1617 (30%)15010 (30%)41703 (29%)
    50-74K980 (18%)9477 (19%)26901 (19%)
    75-99K380 (7%)4841 (9%)14315 (10%)
    100-199K411 (7%)4880 (10%)15566 (11%)
    200K+41 (0%)527 (1%)1610 (1%)
    Highest Education LevelNo Diploma13441199035544
    Diploma or GED33573092886338
    Some College23052101962585
    Assoc. Degree681799423931
    Bachelors Degree700711823478
    Higher Degree218327210203
    Total Housing Units5,75255,794166,054
    --Owner-Occupied2,47929,19785,561
    --Renter-Occupied2,76219,57954,500
    Owner-Occupied Values< 100K17971928853040
    100-199K645924029174
    200-299K144412347
    300-399K075332
    400-499K02394
    500K+23131574
    Total Working Age Population9,94197,273285,877
    In Work Force5,59360,021175,617
    Not In Work Force4,34837,253110,260
    Workforce Employed5,05352,945154,843
    Workforce Unemployed5407,07020,685
    Civlian Workforce5,59360,015175,528
    Military Workforce0689
    Total Households5,24048,776140,060
    Family Households2,88729,55086,332
    Non-Family Households2,35419,22653,728
    Married Couple1,31315,28944,610
    Other Family1,57414,26141,722
    Married w/Child5115,84716,344
    Single Male w/Child2521,4554,318
    Single Female w/Child5746,25117,084

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Michigan9,938,444-19,883,640+110,023,423+410,424,510
    Macomb County788,149+7840,978+5883,020+6933,965
    Wayne County2,061,162-121,820,584-41,741,463-11,730,000
    Oakland County1,194,156+11,202,362+51,264,515+71,350,052

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 24300 Hoover Road in Warren?
    The asking price for 24300 Hoover Road is $1,000,000
    What is the building size of this Retail property in Warren, MI?
    The size of the building/unit at 24300 Hoover Road in Warren is 9,517 square feet
    How much land does the Warren, MI property at 24300 Hoover Road include?
    24300 Hoover Road in Warren includes 0.710 acres of land
    What kind of Retail is the propery at 24300 Hoover Road?
    The property at 24300 Hoover Road Warren, MI 48089 is listed as a Food Service Retail property
    What is the population within 1 mile of 24300 Hoover Road in Warren?
    The population within 1 mile of 24300 Hoover Road Warren, MI 48089 is 12,290 people.
    Who do I contact for questions about 24300 Hoover Road?
    You should contact the listing agent, Kevin Bull, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Detroit Metropolitan Wayne County Airport (DTW) 25
    Toledo Express Airport (TOL) 74
    MBS International Airport (MBS) 91