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    121 Main St Ovid, MI 48866

    Sponsored
    For Sale
    $110,000

    Turnkey Restaurant & Rental Income

    Property size:
    3,440 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a fully operational restaurant located at 121 S Main Street, Unit 121, Ovid, MI. The 3,440 square foot property sits on a 0.05-acre lot and is priced affordably at $110,000. The restaurant itself boasts recent upgrades, including new flooring and tables, ensuring a modern and inviting atmosphere for patrons. Adding significant value to this offering are two income-generating apartments located on the upper floor. These apartments are currently rented, providing a consistent stream of supplemental revenue beyond the restaurant's operations. This unique combination of a thriving restaurant business and established rental units presents a compelling investment prospect for those seeking a diversified income portfolio. The property's location in Ovid, MI, offers access to a local customer base while the updated interior ensures immediate operational readiness. The restaurant is fully equipped and ready for a new owner to step in and continue its success. The rental units are also in good condition and currently occupied, minimizing vacancy concerns. This is a rare opportunity to acquire a turnkey business with built-in rental income in a desirable small-town setting. Serious inquiries are encouraged to explore this promising investment further. Financial statements and further details are available upon request.

    Property Features for 121 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,440 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1870
    Property Profile Location Intelligence

    Current Use by Public Records

    Ovid Cafe Cafe

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ovid
    County
    Clinton
    State
    Michigan
    Longitude
    -84.37137
    Latitude
    43.00481

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Restaurant & Rental Income
    Where is this commercial real estate located?
    The property is located at 121 Main St Ovid, MI.
    What is the asking price?
    The asking price for this property is $110,000.
    (989) 224-0800
    Request Owner's contact information
    121 Main St Ovid, MI 48866
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    Ovid, MI 48866
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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
    121 Main St Ovid, MI 48866
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