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    741 M35 Gwinn, MI 49841

    Sponsored
    For Sale
    $180,000

    Established Restaurant, 1941 sq ft, 2.93 acres

    Property size:
    1,941 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional business opportunity in Gwinn, MI, presents a chance to own a thriving, family-owned restaurant. The 1,941 square foot building sits on a spacious 2.93-acre lot and boasts a recently updated interior. The commercial kitchen, complete with a basement, is fully equipped with four freezers, a walk-in cooler, and a cooktop. The dining area features a mix of high-top and standard tables and chairs. Both bathrooms have been recently renovated. The building also benefits from a newer furnace. All necessary licenses are included in the sale, along with the well-known Rodney's recipes, providing a seamless transition for the new owner. The concrete exterior received a fresh coat of paint in September 2024. This turnkey operation offers a profitable business with an established reputation, making it an ideal acquisition for an aspiring entrepreneur. The sellers are retiring, creating this unique opportunity to step into a ready-made success. This is a rare chance to acquire a well-maintained, profitable restaurant with all the necessary equipment and recipes already in place. The ample lot size offers potential for future expansion or outdoor seating.

    Property Features for 741 M35

    General Information

    Property type
    Investment properties
    Square Feet
    1,941 SF
    Lot Size
    127,631 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Gwinn
    County
    Marquette
    State
    Michigan
    Longitude
    -87.46792
    Latitude
    46.28301

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    FAQs

    What type of property is this?
    Investment property - Established Restaurant, 1941 sq ft, 2.93 acres
    Where is this investment property located?
    The property is located at 741 M35 Gwinn, MI.
    What is the asking price?
    The asking price for this property is $180,000.
    (906) 225-5992
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    741 M35 Gwinn, MI 49841
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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

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    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
    741 M35 Gwinn, MI 49841
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