Turn-Key Restaurant with
222 S Main Street Reading, MI 49274
222 S Main Street, Reading, MI, 49274
$279,000
For Sale
$279,000
COMMERCIAL - Reading, MI
Property Size1,150 SF
Lot Size0.28 Acres
Price / SF$242.61
Days on Market33
Property Features for 222 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 20-040-001-090
- Size
- 1,150 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 31 ALSO E 51 FT OF LOT 30 EXC COM ON E LN LOT 30 AT PT 10 FT N OF SE COR SD LOT TH SWLY TO S LN OF SD LOT SD PT BEIN
- Tax Annual Amount
- 3234
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 1930
- Number of units
- 1
Listing Agency
Spieth & Satow Auctions & Real Estate
(517) 439-2528
6 S Howell St., Hillsdale, MI
Listed by
Darin W Spieth · License #6501348697
(517) 398-6060
Added: Jun 15 Checked: Jul 17 at 10:06 am
MLS# 26029510
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 iconic restaurant building has been operating in Reading, Michigan for close to 50 years and is presented as a clean, turn-key business. The property includes a dedicated patio area in front and interior seating served by recently updated components. Reported upgrades include two new coolers, new booths, exterior re-siding, and a new patio, supporting an immediately usable operating setup.
The restaurant is located at 222 S Main Street in Reading, MI 49274 (Hillsdale County). The offering centers on a ready-to-run food service operation, with exterior and front-of-house improvements intended to support day-to-day presentation.
For a buyer looking to step into an established restaurant concept, this property offers a straightforward path with on-site upgrades already completed, including new cooling equipment and updated seating. The front patio and refreshed exterior support a practical, customer-facing environment for continued service as pizza and ice cream operations.
The restaurant is located at 222 S Main Street in Reading, MI 49274 (Hillsdale County). The offering centers on a ready-to-run food service operation, with exterior and front-of-house improvements intended to support day-to-day presentation.
For a buyer looking to step into an established restaurant concept, this property offers a straightforward path with on-site upgrades already completed, including new cooling equipment and updated seating. The front patio and refreshed exterior support a practical, customer-facing environment for continued service as pizza and ice cream operations.
Key Highlights
- Building built in 1930 and currently serving pizza and ice cream
- In business for close to 50 years
- Upgrades include two new coolers
Local 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 | $17.8k | $15.48 |
| − Vacancy | −$748 | −$0.65 |
| EGI | $17.1k | $14.83 |
| − OpEx | −$4.3k | −$3.71 |
| NOI | $12.8k | $11.12 |
1,150 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$182.7K
$159.9K – $213.2K
NOI $12,791 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Reading Pizza Barn
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turn-key pizza and ice cream restaurant with recent equipment and exterior upgrades, plus a new front patio.
Where is this conventional restaurant located?
The property is located at 222 S Main Street Reading, MI.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Building built in 1930 and currently serving pizza and ice cream; In business for close to 50 years; Upgrades include two new coolers
