Turnkey Restaurant & Bar
12227 Seymour Road Grass Lake, MI 49240
For Sale
$500,000
COMMERCIAL - Grass Lake, MI
Property Size3,414 SF
Lot Size1.09 Acres
Price / SF$146.46
Days on Market74
Property Features for 12227 Seymour Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 000-10-05-351-001-01
- Size
- 3,414 SF
- Lot size
- 1.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- On File
- Tax Annual Amount
- 6604
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1993
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Vinyl Siding
Listing Agency:
Swisher Commercial
(734) 663-0501
Listed By:
Charles Koenn · License #6506040186
(734) 926-0230
Added: May 13
Changed: May 26
Last Checked: Jul 24 at 11:06PM
MLS# 26024714
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a fully operational restaurant and bar property suitable for owner-operators, hospitality groups expanding into destination dining, investors, caterers, BBQ operators, breweries, or event-driven concepts. The property is located in the heart of the Waterloo Recreation Area. The well-maintained and fully equipped hospitality operation features an L-shaped bar with multiple taps, a liquor display, overhead glass racks, and several mounted TVs. The spacious dining room includes wood-look flooring, clean finishes, and flexible table layouts. The commercial kitchen is equipped with stainless prep lines, a hood system, fryers, burners, refrigeration, and a pass-through window. Additional service areas, storage, and POS zones are available, along with a private game room for private events or additional seating. The property also features a covered patio dining pavilion with wood beam construction and brick pavers, an additional picnic-style seating area with firewood storage, and a large outdoor smoker station with a wood storage canopy. The landscaped grounds include a decorative pond, lounge area, and fenced patio. Ample parking is available, with easy access from Seymour Rd and horse parking from Waterloo Trail. The property is situated on 1.09 acres with C 1 zoning that supports restaurant, bar, retail, and other commercial uses. It has well and septic systems and is located in a high-traffic recreational area near lakes, campgrounds, and state land. The building size is 3414 square feet.
Key Highlights
- Fully operational and well‑maintained restaurant/bar with all equipment included.
- Prime location in the heart of the Waterloo Recreation Area, a high‑traffic recreational destination.
- Features spacious dining room, commercial kitchen, private game room, and covered patio dining pavilion.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.1k | $13.80 |
| − Vacancy | −$3.9k | −$1.13 |
| EGI | $43.2k | $12.67 |
| − OpEx | −$10.8k | −$3.17 |
| NOI | $32.4k | $9.50 |
3,414 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$463.4K
$405.5K – $540.6K
NOI $32,437 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.0K
$476.9K – $635.8K
NOI $38,149 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Portage Lake Parlor
Restaurant
Similar Off Market Nearby
- Portage Lake Parlor — 12227 Seymour Rd, Grass Lake, MI 49240
FAQs
What type of property is this?
Bar & Pub - Fully operational restaurant and bar in Waterloo Recreation Area.
Where is this bar & pub located?
The property is located at 12227 Seymour Road Grass Lake, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Fully operational and well‑maintained restaurant/bar with all equipment included.; Prime location in the heart of the Waterloo Recreation Area, a high‑traffic recreational destination.; Features **spacious dining room, commercial kitchen, private game room, and covered patio dining pavilion.**
