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    28102 M 152 Dowagiac, MI 49047

    For Sale
    $199,900

    COMMERCIAL - Dowagiac, MI

    Property size:
    2,064 SF
    Lot size:
    2.02 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 28102 M 152

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bathroom 1
    Bathrooms
    2
    APN
    14-130-001-014-00
    Parking
    50
    Interior features
    Broadband
    Size
    2,064 SF
    Lot size
    2.02 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1962
    Number of units
    1

    Gale Realty, LLC (269) 657-8140 [email protected]

    Listing agent Amy Rose (269) 580-1447

    Listing date Nov 21, 2025

    Copyright © 2025 Montcalm County 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.

    Overview

    Iconic Drive-In Restaurant Opportunity

    This is a rare opportunity to own a local landmark. The iconic Lutz's Drive-In restaurant is now available. It is ideally located just west of the high-traffic intersection of M-51 and M-152. This turn-key offering includes approximately 2 acres of commercial property and a 2,064 square foot restaurant building. It also features 16 covered drive-in spaces, perfect for classic carhop service or outdoor events. The sale includes all on-site restaurant equipment, including freezers, coolers, pizza ovens, tables, chairs, tableware, and more, allowing for immediate operation or rebranding. The dining room has been recently renovated with new flooring, tables, and booths, enhancing the indoor customer experience. Outdoor dining areas and a second vacant parcel provide added value and potential for future development. Just minutes from Sister Lakes, one of Michiana's top vacation destinations, this high-visibility location is ideal for restaurateurs, developers, or investors seeking to revive a beloved staple or build something new. The property is located in Dowagiac, MI, in Cass County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Storage Facility Garden Center Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dowagiac
    County
    Cass
    State
    Michigan
    Longitude
    -86.109631
    Latitude
    42.056706

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    FAQs

    What type of property is this?
    Drive through restaurant - Turn-key restaurant with drive-in spaces on 2 acres.
    Where is this drive through restaurant located?
    The property is located at 28102 M 152 Dowagiac, MI.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Turn-key restaurant opportunity with all equipment included for immediate operation or rebranding.; - High-visibility location near the intersection of M-51 and M-152, minutes from Sister Lakes vacation destination.; - Approximately 2 acres of commercial property with a 2,064 SF restaurant building.
    (269) 580-1447
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28102 M 152 Dowagiac, MI 49047
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