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    Sparta, MI
    Conventional Restaurant

    Sparta, MI Conventional Restaurants for Sale

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    Kent City, MI Comstock Park, MI Rockford, MI Grand Rapids, MI Cedar Springs, MI Casnovia, MI Belmont, MI Marne, MI
    Long-Standing Restaurant Property
    Updated: Dec 11, 2023
    Long-Standing Restaurant Property

    370 N State Street, Sparta, MI 49345

    $474,000
    1,374 sqft 0.51 AC lot
    Established restaurant with over 20 years of dedicated ownership.
    Includes all equipment and the business's name.
    Strong local roots and cherished by the military community.
    New flooring installed in 11/24/25.
    Possible Land Contract Available.
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    This listing looks promising.

    Here's a quick look at some key insights for

    370 N State Street, Sparta, MI 49345

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    • Est. Cap Rate

      3.2%
      NOI ÷ price

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $218K
      Suggested

    • Last Sold

      Aug 2008
      $110K

    • Property Type

      Commercial (General)
      Built 1955
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    Established Restaurant with Local Roots
    Updated: Dec 12, 2023
    Established Restaurant with Local Roots

    370 N State Street, Sparta, MI 49345

    $474,000
    1,374 sqft 0.51 AC lot
    Long‑standing restaurant with deep local roots and strong ties to the military community.
    Established business with same ownership for over 20 years.
    Sale includes all equipment and the established business name.
    Opportunity to own a piece of local history and a beloved eatery.
    Thriving restaurant ready for new owner's vision.
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Sparta, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Liquor License Restaurant Building
    Historic Liquor License Restaurant Building

    E 42 E Lake Street Unit SourceFi, Sand Lake, MI 49343

    $200,000
    3,866 sqft

    Historic downtown building with transferable Michigan Class C liquor license and versatile interior space for multiple concepts.

    View details
    Turnkey Light Eatery Space
    Turnkey Light Eatery Space

    E 7 E Muskegon Street Unit SourceFi, Kent City, MI 49330

    Contact for pricing
    10,353 sqft

    Move-in-ready food-service space with large front-facing windows in downtown Kent City, with key utilities included in rent.

    View details
    Turnkey Bar and Restaurant Venue
    Turnkey Bar and Restaurant Venue

    42 E Lake Street, Sand Lake, MI 49343

    Contact for pricing
    3,866 sqft

    Turnkey bar and restaurant with outdoor biergarten and included liquor licenses, ready for immediate hospitality use.

    View details
    Move-In Ready Pizza Restaurant
    Move-In Ready Pizza Restaurant

    80 S Main Street, Kent City, MI 49330

    Contact for pricing

    Seats 65–70 with salad bar and counter for takeout; includes walk-in cooler and refrigerator and all equipment.

    View details

    Sparta, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Sparta, MI on our real estate platform. These investment opportunities span a total of 2,748 square feet of properties for sale, with an estimated market value of $948,000.

    Sale prices for conventional restaurants in Sparta, MI average $474,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Coffee shops 2
    Conventional restaurants 2
    Commercial kitchens 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) -9.0%
    Median Household Income $84,918
    College Educated 37.9%

    High-Yield Neighborhoods for Investment

    Identify Sparta submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49345 $531.5K

    Taxes & Financing

    Tax Rate (average for all types) 3.07%
    Property Tax per SF $71.06 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kent County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kent County

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