Nuevo Seoul Restaurant : Business Acquisition Opportunity

For Lease

220 W Congress St. (Suite B), Detroit, MI 48226

You can currently find 1 retail space(s) available for lease at Nuevo Seoul Restaurant : Business Acquisition Opportunity. Designated use type for space listed here includes restaurant. Current retail listings at this property total 3,994 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Nuevo Seoul Restaurant : Business Acquisition Opportunity.

Space Available For Lease 1

Contacts

broker
Michael Scamardella

Lino Realty

Property Details

  • Property Type Retail - Restaurant
  • Property Size 3,994 SF
  • Units 1
  • Additional Rent Contact for pricing
  • Date Updated Dec 11, 2024
Ideal Downtown Detroit corner location for an extraordinary restaurant/bar establishment. Located at the very core of the Detroit Central Business District, at the historic downtown Detroit corner of Shelby and Congress. Walking distance from Quicken Loans, Ford Field, just one block from Huntington Place, Little Caesars Arena and more; and at the epicenter of Detroit entertainment, food, beverage and pedestrian traffic. Situated in the same block collection as Shinola Hotel, Foundation Hotel, Westin Book Cadillac, Book Tower, Cambria Hotel and restaurant/bars Apparatus Room, London Chop House, Dime Store, Shelby Bar, Buhl Bar the former Trust Lounge (now undergoing brand change and construction and set to reopen in 2025) and many more within blocks; just two streets west of the iconic Campus Martius.Fantastic opportunity to acquire this beautiful newly constructed modern Mexican dining and drinking experience, Nuevo Seoul. At the heart of the steadily exploding Downtown Detroit Central Business District, this acquisition opportunity includes the Liquor License, Furniture, Fixtures, Equipment and all Inventory on premises. The acquisition is being offered at $1,350,000.00 and the new owner will assume the lease, which commenced July 2021 The Initial Lease Term is 10 years with (2) 5 Year Renewal Options. The 3,994 square foot space is an incredible blend of indoor and covered heated outdoor space ~ fronting a charming and inviting pedestrian friendly alley. No expenses spared in this hip, modern and vibrant establishment, featuring a totally unique Mexican and Korean inspired menu, and a cozy stylish bar with a carefully curated tequila and mezcal selection. The heated enclosed outdoor patio is ideal for daytime and evening gatherings.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • - Prime location in the heart of Downtown Detroit CBD
  • - Fully Equipped, Turn Key Ready
  • - Liquor License + Premium Furniture, Fixtures, Equipment and Inventory Included
  • - Impressive Premium 'Chef' Kitchen equipped with Premium Top of the Line Equipment
  • - Extraordinary Interior + Exterior enclosed Year Round Space
  • - Gorgeous impeccably restored historic mixed use building
  • - Stylish Cozy Bar and hip uniquely modern interior atmosphere, palette and finishes
  • - State-of-the-art HVAC, Kitchen and building systems

Attachments

Getting around

  • 98/100

    Walk Score ®

  • 86/100

    Transit Score ®

  • 67/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Points of Interest

  • Huntington Place

    0.09 miles

  • Financial District

    0.12 miles

  • Congress Street

    0.17 miles

  • Campus Martius

    0.21 miles

  • West Riverfront

    0.34 miles

  • Broadway

    0.42 miles

  • Grand Circus Park

    0.45 miles

  • Renaissance Center

    0.46 miles

  • Greektown

    0.49 miles

  • Montcalm Street

    0.71 miles

  • Mobil

    0.17 miles

  • Bedrock Kahn Garage

    0.33 miles

  • ChargePoint

    0.37 miles

  • Tesla, Inc.

    0.37 miles

  • eVgo

    0.43 miles

  • Beaubien Place Garage

    0.56 miles

  • Speedway

    0.66 miles

  • Marathon

    0.75 miles

  • Bedrock Corktown

    0.95 miles

  • Bedrock John R 1

    1.00 miles

  • Downtown Garage

    0.07 miles

  • Detroit Foundation Hotel

    0.08 miles

  • W Fort St Parking Lot

    0.08 miles

  • W Congress Street Parking Lot

    0.08 miles

  • W Larned Street Lot

    0.09 miles

  • 441 W. Fort Street Lot

    0.11 miles

  • 441 W Fort

    0.11 miles

  • Financial District Garage

    0.11 miles

  • Griswold/Larned Garage

    0.11 miles

  • Penobscot Building

    0.12 miles

  • Tropical Smoothie Cafe

    0.02 miles

  • London Chop House

    0.07 miles

  • The Apparatus Room

    0.08 miles

  • Cellar D's

    0.09 miles

  • Kwench Juice Cafe

    0.10 miles

  • Which Wich?

    0.10 miles

  • Jimmy John's

    0.11 miles

  • Food Carnival

    0.11 miles

  • Domino's

    0.12 miles

  • The District Grill

    0.12 miles

  • Plum Market

    0.20 miles

  • City Market Detroit

    0.38 miles

  • Meijer

    0.89 miles

  • Amori's Marketplace

    0.92 miles

  • Gratiot Central Market

    1.19 miles

  • Whole Foods Market

    1.38 miles

  • Honey Bee Market La Colmena

    1.44 miles

  • Family Fair Marketplace

    1.53 miles

  • Algo Especial Super Market

    1.55 miles

  • Gordon Food Service

    1.64 miles

220 W Congress St. (Suite B) Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    220 W Congress St. (Suite B) is located in Downtown Detroit, which is home to a total of 34 listing(s). Retail space at Nuevo Seoul Restaurant : Business Acquisition Opportunity asks $8,636.00/MO per square foot.

  • The property includes 3,994 square feet of retail space for lease. Of this total, 3,994 square feet are Restaurant.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Downtown Detroit is 34. The average household income here is $56,470 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Michael Scamardella

Lino Realty

  1. 1Main information
  2. 2Extra information