Always wanted to sling burgers and milkshakes? Now's your chance.
The former Steak 'n Shake at 17200 Middlebelt in Livonia is up for sale via auction. Starting price for the 3,856 square-foot restaurant on the northeast side of Six Mile and Middlebelt is $367,000 and bids will be accepted until Aug. 31. The auction will take place Sept. 3.
The Livonia restaurant, which closed in 2019, is one of 15 restaurants up for sale by the Illinois-based restaurant group, known for its hamburgers and milkshakes.
In addition to the Livonia restaurant, Steak 'n Shake buildings in Madison Heights and Benton Harbor are also being sold. A total of 15 restaurants nationwide are being sold at auction.
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"Real estate investors and restaurants looking to expand their portfolio are in a position to take advantage of this opportunity, whether they decide to take the entire lot of locations, or explore individual or regional purchases," said Harold Bordwin, Principal and Managing Director at Keen-Summit Capital Partners LLC, the company retained to run the auctions. "Many of these locations are virtually turn-key with much of the restaurant equipment available within the building."
The Steak 'n Shake website still lists the Livonia location as temporarily closed, though the building has been left empty for more than a year. The original closure came as the restaurant's parent company, Biglari Holdings, planned to close down corporate-owned restaurants and attempt to reopen them as franchises.
Those interested in more information on the auctions can visit steaknshakepropertyauction.com.
Contact reporter David Veselenak at dveselenak@hometownlife.com or 734-678-6728. Follow him on Twitter @davidveselenak.
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The Link LonkAugust 10, 2020 at 07:00PM
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Livonia Steak 'n Shake restaurant goes up for sale more than a year after closing - Hometown Life
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