Turnkey Restaurant
9743 N Greenville Road Lakeview, MI 48850
For Sale
$175,000
COMMERCIAL - Lakeview, MI
Property Size785 SF
Lot Size0.25 Acres
Price / SF$222.93
Days on Market435
Property Features for 9743 N Greenville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Rooms
Bathroom 1
Parking
8
Parking features
Parking Lot
Exterior features
Vinyl
Standard status
Active
Size
785 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
SEE ASSOCIATED DOCS FOR FULL LEGAL DESCRIPTION.
Tax Annual Amount
1733
Building Details
Building materials
Frame
Roof type
Metal
Listing Agency:
AMERICA'S CHOICE REALTY LLC
(989) 875-5148
Listed By:
Cody Nevins · License #6501446537
(989) 763-8060
Added: May 21, 2025
Changed: Jul 14
Last Checked: Jul 29 at 11:06PM
MLS# 1934153
Copyright © 2026 Northern Great Lakes Realtors MLS. 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 well-maintained commercial restaurant property was most recently operated as an Asian cuisine restaurant. Major updates completed in 2018 included new plumbing, electrical, and mechanical systems, supporting a turnkey buyer or operator looking for fewer near-term maintenance concerns. The property is offered for sale as an established food service location.
The asset is located at 9743 N Greenville Road in Lakeview, MI 48850, in Montcalm County. The public remarks note the property’s placement in a high-traffic area, which can support restaurant visibility and customer access.
For buyers and owner-operators, the combination of restaurant use history and the 2018 infrastructure upgrades may be helpful when planning for continued food service operations. Investors may also evaluate the property as a single-asset food service opportunity based on its prior restaurant operation and recent system improvements.
The asset is located at 9743 N Greenville Road in Lakeview, MI 48850, in Montcalm County. The public remarks note the property’s placement in a high-traffic area, which can support restaurant visibility and customer access.
For buyers and owner-operators, the combination of restaurant use history and the 2018 infrastructure upgrades may be helpful when planning for continued food service operations. Investors may also evaluate the property as a single-asset food service opportunity based on its prior restaurant operation and recent system improvements.
Key Highlights
- Commercial property most recently operating as an Asian cuisine restaurant
- Major updates completed in 2018: new plumbing, electrical, and mechanical systems
- Exterior features include vinyl
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 | $12.2k | $15.48 |
| − Vacancy | −$510 | −$0.65 |
| EGI | $11.6k | $14.83 |
| − OpEx | −$2.9k | −$3.71 |
| NOI | $8.7k | $11.12 |
785 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$124.7K
$109.1K – $145.5K
NOI $8,731 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$9.31M
$8.15M – $10.86M
NOI $651,837 @ 7.0% cap · market cap 372.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with major 2018 updates to plumbing, electrical, and mechanical systems.
Where is this conventional restaurant located?
The property is located at 9743 N Greenville Road Lakeview, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Commercial property most recently operating as an Asian cuisine restaurant; Major updates completed in 2018: new plumbing, electrical, and mechanical systems; Exterior features include vinyl
