Established Diner with Pole
938 Doster Road Plainwell, MI 49080
938 Doster Road, Plainwell, MI, 49080
$399,900
For Sale
$399,900
COMMERCIAL - Plainwell, MI
Property Size3,450 SF
Lot Size3.06 Acres
Price / SF$115.91
Days on Market355
Property Features for 938 Doster Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 35
- Interior features
- Broadband
- Standard status
- Active
- APN
- 08-012-016-00
- Size
- 3,450 SF
- Lot size
- 3.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- COM AT A PT ON E LIN SEC 12 919.50' N OF E 1/4 PST TH S 88 DEG 05' W 1334.50' TH N 100' TH N 88 DEG 05' E 1334.50' TH
- Tax Annual Amount
- 3735
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Aluminum Siding
- Roof type
- Composition
Listing agency
Jaqua, REALTORS
(269) 685-6858
Listed by
Amy L Hamilton · License #6501343755
(269) 303-0709
Added: Aug 1, 2025 Updated: May 6 at 9:26AM Checked: Jul 21 at 1:06PM
MLS# 25038490
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 property features a well-established diner situated across from Pine Lake, along with a spacious pole barn, all located on 3.06 acres. The diner benefits from high visibility and consistent local and seasonal traffic. The sale includes major kitchen equipment. The property is suitable for an owner-operator or investor. The pole barn offers flexible space for storage, workshops, or potential conversion for other business needs. The land provides room for outdoor dining, events, or future development. The building size is 3450 square feet.
Key Highlights
- Prime location directly across from Pine Lake with high visibility and traffic.
- Includes a spacious pole barn on 3 acres, offering flexible space for various uses.
- Sale includes major kitchen equipment, enabling immediate restaurant operation.
Local Financial Insights For 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 | $53.4k | $15.48 |
| − Vacancy | −$2.2k | −$0.65 |
| EGI | $51.2k | $14.83 |
| − OpEx | −$15.3k | −$4.45 |
| NOI | $35.8k | $10.38 |
3,450 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$548.2K
$479.7K – $639.5K
NOI $38,372 @ 7.0% cap · market cap 9.60%
Second Best
Retail
$511.6K
$447.7K – $596.9K
NOI $35,814 @ 7.0% cap · market cap 8.96%
Theoretical Best
Hotel Hospitality
$32.40M
$28.35M – $37.80M
NOI $2,267,935 @ 7.0% cap · market cap 567.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pine Lake Diner, ...
Restaurant
Flooring World Wide ...
Carpet & Flooring Store
Similar For Sale Nearby
Similar Off Market Nearby
- Pine Lake Diner, LLC — 938 Doster Rd, Plainwell, MI 49080
FAQs
What type of property is this?
Breakfast & diner - Well-established diner with pole barn on 3 acres.
Where is this breakfast & diner located?
The property is located at 938 Doster Road Plainwell, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Prime location directly across from Pine Lake with high visibility and traffic.; Includes a spacious pole barn on 3 acres, offering flexible space for various uses.; Sale includes major kitchen equipment, enabling immediate restaurant operation.
