Remodeled Restaurant in Pullman,
5610 109th Avenue Pullman, MI 49450
For Sale
$264,900
COMMERCIAL - Pullman, MI
Property Size1,080 SF
Lot Size0.17 Acres
Price / SF$245.28
Days on Market141
Property Features for 5610 109th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 031200805901
- Size
- 1,080 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- on file
- Tax Annual Amount
- 4300
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Number of units
- 1
- Roof type
- Composition
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 639-9998
Listed By:
Trish King · License #6502349985
(269) 208-1250
Added: Mar 4
Changed: Apr 15
Last Checked: Jul 23 at 7:06PM
MLS# 26008199
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 commercial property in Pullman, MI, presents an opportunity to own a restaurant. The restaurant has been recently remodeled inside and out and features newer equipment and a fire compression system over the fryer and stoves. It is fully operational, though it has not been in operation for a few years. The property includes a septic drain system. The drive area and land with the building next door is leased from CSX rail. The adjacent building, a former hardware store, is included in the sale and belongs to the restaurant owner. This building has been partially remodeled with a new roof but currently lacks water. An extra lot out back is also part of the sale and could potentially be approved for a well through Allegan County. The property size is 1080 square feet, and the lot size is 0.17 acres.
Key Highlights
- Newer remodeled restaurant, inside and out.
- Newer restaurant equipment included.
- Includes a septic drain system.
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 | $16.7k | $15.48 |
| − Vacancy | −$702 | −$0.65 |
| EGI | $16.0k | $14.83 |
| − OpEx | −$4.0k | −$3.71 |
| NOI | $12.0k | $11.12 |
1,080 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$171.6K
$150.2K – $200.2K
NOI $12,012 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$10.14M
$8.87M – $11.83M
NOI $709,962 @ 7.0% cap · market cap 268.01%
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 - Remodeled restaurant with newer equipment and extra lot included.
Where is this conventional restaurant located?
The property is located at 5610 109th Avenue Pullman, MI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Newer remodeled restaurant, inside and out.; Newer restaurant equipment included.; Includes a septic drain system.
