"Detroit's a very precarious and unusual commercial market,"Mady says. "Go and try to find more than one acre of availableproperty. There's only a handful, and barely any on high trafficstreets, or so near an expressway."

The land is on Gratiot Avenue, one of the city's strongestthoroughfares.Muer started his popular restaurant on Oct. 28, 1929,the day before the Wall Street crash. Despite a seeminglyunfavorable beginning, therestaurant has continued to prosper formore than a half century.However, the Jim Muer restaurant declaredbankruptcy in 1998, and since itowed the most money to MichiganNational Bank, the bank took it over.

RiteAid Corp. of Camp Hill, PA bought the property a yearlater.2000 Gratiot Associates LLC purchased the land in August fromRite Aid, Mady says. The restaurant was demolished in October. NowMady says he's looking tosell the property for the owner for $2.5million.

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