Turnkey Restaurant &
208 S Cochran Avenue Charlotte, MI 48813
For Sale
$339,900
COMMERCIAL - Charlotte, MI
Property Size1,848 SF
Lot Size0.06 Acres
Price / SF$183.93
Days on Market410
Property Features for 208 S Cochran Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street, Parking Lot
- Basement
- Full
- Appliances
- Bar Fridge, Dishwasher, Ice Maker, Oven, Range, Range Hood, Refrigerator, Water Heater
- Standard status
- Active
- APN
- 200-000-031-030-00
- Size
- 1,848 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- E 124 FEET OF S 22 FEET OF LOT 3. BLOCK 31 O. P. CITY OF CHARLOTTE D.D.A.
- Tax Annual Amount
- 2271
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
Keller Williams Realty Lansing
(517) 853-1200
Listed By:
Max A Billinghurst · License #6501416838
(269) 339-1431
Added: Jun 11, 2025
Changed: Jul 24
Last Checked: Jul 25 at 5:06AM
MLS# 288830
Copyright © 2026 Greater Lansing Association of Realtors. 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 turnkey restaurant and bar is located in a beautifully restored historic building featuring original ceilings and exposed brick. The space includes indoor and patio seating and a full-service bar, making it well-suited for both dine-in and outdoor operations.
The property is offered for sale in downtown Charlotte, Michigan, at 208 S Cochran Avenue in Eaton County. The purchase price includes all FF&E and a class-C Liquor License.
The property is offered for sale in downtown Charlotte, Michigan, at 208 S Cochran Avenue in Eaton County. The purchase price includes all FF&E and a class-C Liquor License.
Key Highlights
- Purchase price includes all FF&E and a class C liquor license.
- Turnkey restaurant/bar with indoor and patio seating and a full‑service bar.
- Historic building with exposed brick and original ceilings; brick construction and flat roof.
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 | $33.3k | $18.00 |
| − Vacancy | −$6.0k | −$3.22 |
| EGI | $27.3k | $14.78 |
| − OpEx | −$6.8k | −$3.69 |
| NOI | $20.5k | $11.08 |
1,848 SF · lease $18.00/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$292.6K
$256.0K – $341.4K
NOI $20,482 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$21.28M
$18.62M – $24.82M
NOI $1,489,284 @ 7.0% cap · market cap 438.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar with indoor and patio seating in a restored historic building.
Where is this conventional restaurant located?
The property is located at 208 S Cochran Avenue Charlotte, MI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Purchase price includes all FF&E and a class C liquor license.; Turnkey restaurant/bar with indoor and patio seating and a full‑service bar.; Historic building with exposed brick and original ceilings; brick construction and flat roof.
