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Real Estate,

Restaurant,
& Land

FOR SALE
in Woodbridge
Detroit, MI 48208

CONFIDENTIAL MARKETING
& OFFERING MEMORANDUM
OFFERING PROCEDURES

The sale of the Wo o dbridge Pub business including 5169 Trumbull,


and real estate at 5203 Trumbull, 5207 Trumbull, 5215 Trumbull, and
1520 Merrick is b eing exclusively handled by James Tumey.

D o not approach staff/employees.


All inquiries should be directed to the listing agent below.

AGENT

James Tumey
S enior Commercial & Residential Agent
James@TheLof tWarehouse.com
586-419-6271
TA BLE O F CONT E NTS

01 E X E C UT I V E SUM M ARY
Investment Summar y
The Neighb orho o d
Prop er t y Aerials
Prop er t y Photo graphs
A rea Map

02 P R OP ERT Y O V E R V I E W
Flo orplans
Prop er t y D etails
Prop er t y D escription

03 M A R K ET O V E R V I E W
D etroit, M ichigan
Comp etitive Prop er t y Sur vey

04 F IN A N C I AL O V E R V I E W
Financial Summar y

05 A D D E N DUM
Equiptment, Furniture, and Fix ture Summar y
01



EXE CU TI V E
SUMM A RY
I nve s t men t S u mma r y
Lo cat i o n a n d D emo gra phic s
Prop e r t y Aer i a l s
Prop e r t y Ph o to gra p h s
01 EX ECU T I VE S U M MARY Inve s tme nt Summar y

T h e Lo f t Wa r e h o u s e i s p l e a s e d t o e xc l u s i ve l y o f f e r
for sale, the established Woodbridge Pub business,
adjacent real estate and land zoned SD-2, which is ready
for development in the highly desirable and walkable
Wo o d b r i d g e n e i g h b o r h o o d n e x t t o Wa y n e S t a t e U n i ve r -
sity in Detroit, Michigan. A great change to develop and
benefit from the neighborhoods high occupancy rate and
walkability of the locals.

A great opportunity to capitalize on the developing


district with new neighboring businesses including the
n e w l y o p e n e d P i e - S c i , a n d t h e d e ve l o p m e n t o f Tr u m b u l l
and Putnam corner to include a curated mix of retail/
commercial.

Woodbridge Pub is a pioneer of the Detroit


r e s t a u r a n t s c e n e .

INVESTMENT SUMMARY

Wo o dbridge Pub - Business & Real E state

Wo o dbridge Pub op ened it s do ors in the fall of 2008 with a goal of playing a p ostitive par t in the
growth of the lo cal communit y and neighb orho o d. Work ing with lo cal urban farmers and having the fo o d
primarily grown or sourced within five miles of the restaurant to get the freshest and most lo cal ingredients.
O ffering also an exceptional selec tion of over eight y b eers and wines from across M ichigan and around the
world, and providing a comfor table atmosphere complimented by friendly and k nowledgeable sta ff. The
liquor license is included in the sale.

I ndustrial 2-Stor y Shop

D irec tly across Merrick Street from the Wo o dbridge Pub, is a 2-Stor y industrial carriage house k nown
as the shop. Currently vacant, the shop is ready and zoned to b e develop ed into a unique b outique
commercial or residential space.

Vac ant L and

Adjacent to the shop and direc tly across from the Wo o dbridge Pub is the space. At over 9,100 S q Ft,
the space is a large fo otprint on the corner of Merrick St and Trumbull and is ready and zoned SD2 for a
mixed use development. The prop er t y is already licensed by MLCC for liquor sales with Wo o dbridge Pub li-
censes.

The SD2 D istric t is designed to encourage a complimentar y mix ture of uses including residential, busi-
ness, and office uses that are compatible in a neighb orho o d center. This zone will ser ve surrounding
residential areas with consumer go o ds and ser vices. I t is the purp ose of these regulations to encourage
mixed-use developments that are compatible with the surrounding area and promote p edestrian ac tivit y.

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


01 EX ECU T I VE S U M MARY Inve s tme nt Summar y

* R ende ri ng of de ve l o p e d sh o p a n d va ca n t l a n d.

O ffering Price: $1,225,000

Wo o dbridge Pub

Address: 5169 Trumbull St.


Lot Size: 3,920 S q Ft
Building Size: 3,112 S q Ft
Typ e: Turnkey Restaurant & Bar
Year Built: 1926
Frontage: 30 Trumbull St X 120 Merrick St
Construc tion: Brick and concrete ex terior
Capacit y : 65 Persons (indo or + 16 Persons (outdo or)

I ndustrial 2-Stor y Shop

Address: 1520 Merrick St.


Lot Size: 1,742 S q Ft
Building Size: 1,260 S q Ft
Typ e: Industrial 2-Stor y Carriage House
Year Built: 1904
Frontage: 30 Merrick St

Vac ant L and

Address: 5203 Trumbull, 5207 Trumbull, 5215 Trumbull


Lot Size: 9,148 S q Ft
Typ e: Vacant Land
Frontage: 90 Merrick St X 90 Trumbull

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


01 EX ECU T I VE S U M MARY The Ne ighb orho o d

4
5

1. TONY HAWK INVEST S IN


WOODBRIDGE

2. QUONSET HUT DE VELOPMENT

3. W SU VOTED SAFEST C AMPUS

4. WOODBRIDGE SPARKS BIG


INTEREST

5. HISTORIC HOME VALUES

6. STR ONG RESIDENTIAL LIST


AND SALE PRICES

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


01 EX ECU T I VE S U M MARY Pro p e r t y Aerials

D OWNTOWN

CORKTOWN
B RUS H PA R K
A R ENA D IS T R IC T
N ORTH
CORKTOWN

M IDTOW N

WAYN E S TATE U NIV E R S IT Y WOOD BR ID GE

P R OP ERT Y LOC ATION


ll
bu
um
Tr
on
y
da
r
pe
rs
ca
+
0
00
7,

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


01 EX ECU T I VE S U M MARY Pro p e r t y Photo graphs

* Ren d er i n g o f d evelop ed shop.


I nd ustr i a l 2-Sto r y Sh o p

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


01 EX ECU T I VE S U M MARY Pro p e r t y Photo graphs

Vac a nt L a nd

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


01 EX ECU T I VE S U M MARY Pro p e r t y Photo graphs

Wo o d br i d ge Pu b

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


01 EX ECU T I VE S U M MARY Pro p e r t y Photo graphs

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


02
Flo orp l a n s

PR O PERT Y
OV ER V I E W
Prop e r t y D es c r i p t i o n
02 P R O PER T Y OVE R VI E W Flo orplans

I ndu str i a l 2 - Sto r y Sh o p

Pa t i o A rea

M erri ck Stre e t
1 52 0 Me rrick St E ntr y
I n d u stria l 2 -Sto r y Sho p
30 x 60

Firs t Flo o r

Alley

S e co nd Flo o r * pro p o s e d

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


02 P R O PER T Y OVE R VI E W Flo orplans

Va c a nt L a n d

Tru mbu ll

M errick Stre e t

Wo o dbridge Pu b
5215 Tr um b u l l 5 2 0 7 Tr u mbu ll 5 2 0 3 Tru mbu ll
30 x 11 9 28 x 90 32 x 90

Indu s tria l 2 -Sto r y


Sho p

A l l ey

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


02 P R O PER T Y OVE R VI E W Flo orplans

Wo o d br i d g e Pu b

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


03


M A R KET
OV ER V I E W
D e tro i t , M i c h i ga n
Co m p et i t i ve Pro p er t y S ur ve y
03 MA R K E T O VE R VI E W D e tro it, M ichigan

1. DETR OIT APARTMENT S R ANKS


NATIONS LOWEST VAC ANCY N 2016

2. DETR OIT PR O SOCCER TEAM/DE VEL


OPMENT PR OPOSAL FOR DOWNTOWN

3. $100M RESIDENTIAL DE VELOPMENT, 16


OF 100 CONDOS ALREADY PRE-SOLD

6 4. NE W MIXED USE DE VELOPMENT


BREAKS GR OUND IN NE W CENTER

5. $500M + MIXED USED DE VELOPMENT


DOWNTOWN CONSIST S OF OVER
825,000 SQ FT

6. PISTONS AND HENRY FORD HOSPITAL


PL AN TO BUILD PR ACTICE/TR AINING
FACILIT Y IN MIDTOWN/NE W CENTER.

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


03 MA R K E T O VE R VI E W Co mp e titive Pro p e r t y Sur vey

1 SALE P RICE $750,000 FOR BUSINESS


AND REAL ESTATE.

DETROIT VOTED AS NORTH AMERIC AS


TOP FOOD CIT Y BY NATIONAL GEOGR AP HIC

NE W YORK TIMES R ANKS DETROIT 10


OUT OF 52 TOP DESTINATION CIT Y.

NE W DE VELOPMENT IN WOODBRIDGE
AT TRUMBULL AND PUTNAM INCLUDING
BAKERY, BAR, COFFEE, BIKE SHOP,
AND RETAIL.

P IE-SCI OP ENS NEX T TO WOODBRIDGE


PUB, OFFERING CREATIVE P IZZ A
OPTIONS.

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


04

FIN A NCI A L
OV ER V I E W
Fin anc i a l S u mma r y
04 F INA NC I AL OVE R VI E W Fina ncia l Summar y

Av e r a g i n g o v e r $ 1 , 0 0 0 , 0 0 0
in sales annually over
e i g h t y e a r s .

C U R R E N T VA LU E
$900K OF
R E A L E S T A T E O N LY
$800K

$700K
5169 TRUMBULL
(WOODBRIDGE PUB BUILDING)
$600K

$500K

$400K
INDUSTRIAL 2-STORY SHOP
$300K

$200K

VAC A N T L A N D
$100K

$0

Current value of liquor


license = $60,000

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


05

AD D END U M
Eq uip t men t , Fu r n i t u re, a nd Fix tu re Su mma r y
05 A D D EN DU M Equ ipme nt, Fu rnitu re, a nd Fix tu re S ummar y

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271


05 A D D EN DU M Equ ipme nt, Fu rnitu re, a nd Fix tu re S ummar y

New 50 year rubber roof in 2007 New 12-ton heating/cooling in 2008


New kitchen hood & exhaust fan in 2008 Upgraded LED lighting throughout
New plumbing interior & exterior to the alley New 3 keg & 2 keg under-bar draft fridge
New compressor on large fridge 3-door upright glass fridge
Salad prep fridge Ice machine
Stand-up freezer 2-door glass fridge
2-door beer storage cooler under-bar 3-door glass display cooler under-bar
3-keg under bar with 6 taps 2-keg under bar with 4 taps
5 Flat top range / double oven 2 4 burner range / oven
Salamander 20 dry storage cargo container on-site
Dishwasher New tankless water heater in 2016
*Cash to close inventory at closing.

JAMES TUMEY / JAMES@THELOFT WAREHOUSE.COM / 586-419-6271

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