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    7033 S Sheridan Rd Sheridan, MI 48884

    Sponsored
    For Sale
    $674,000

    COMMERCIAL - Sheridan, MI

    Property size:
    6,912 SF
    Lot size:
    3.70 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 18 at 10:06 am

    Property Features for 7033 S Sheridan Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1
    Bathrooms
    3
    APN
    59-003-007-007-10
    Parking
    60
    Interior features
    Broadband
    Size
    6,912 SF
    Lot size
    3.70 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    1
    Building materials
    Metal Siding

    We can help!

    Listing Contact
    Darin K Elliott
    Darin K Elliott

    Greenridge Realty Inc. (616) 974-5042 [email protected]

    Listing agent Darin K Elliott (616) 902-2235

    Listing date Jan 11, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Turn-Key Restaurant and Event Center

    The Timbers Event Center & Restaurant is a remodeled venue with approximately 5,000 square feet of open banquet, dining, and bar area, accommodating up to 200 guests. The building features updated floor and wall coverings, a remodeled kitchen with new equipment, renovated restrooms, and new fixtures. Enhancements include new HVAC for the north side, foam insulation, and updated electrical and plumbing systems. The interior combines wood and rock elements, complemented by Colorado TruLog metal siding over a brick base. Exterior amenities include a covered front patio, a rear patio area, and a 40x40 stamped concrete pad with a commercial tent. The sale includes real estate, business, equipment, and inventory, along with a rebuilt walk-in cooler. Additional features consist of high-speed fiber internet, a full water filtration and RO system, a commercial smoker, a new electronic sign, and two steel pole barns (40x40 and 24x24) for storage. A full Class C Beer/Liquor license is included. The property is equipped with a 6" well and a new oversized septic system. Situated on a nearly 4-acre corner lot along the high-traffic M66 corridor, the location is a few minutes from Greenville and Ionia, and approximately 40-50 minutes from Grand Rapids or Lansing. The property is currently operating as a restaurant and is open Wednesday through Sunday.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Timbers Event Center Restaurant

    Suggested Use

    Storage Facility Convenience Store Veterinary Clinic Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Montcalm
    State
    Michigan
    Longitude
    -85.07299
    Latitude
    43.192181

    Nearby Similar for Sale

    • $239,900
      4,112 SF

      Versatile Commercial Property on Large Lot

      6-acre corner lot with versatile building and frontage.
      8055 S Castle Rd, Sheridan, MI 48884
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant and event venue on a high-traffic corner lot.
    Where is this restaurant located?
    The property is located at 7033 S Sheridan Rd Sheridan, MI.
    What is the asking price?
    The asking price for this property is $674,000.
    What are key features of this property?
    This property features: - Turn-key restaurant and event center business including real estate, equipment, inventory, and a Class C Beer/Liquor license.; - **Completely remodeled ~5,000 sq ft building with new kitchen equipment, updated HVAC, electrical, plumbing, and modern finishes.**; - High-traffic location on a nearly 4-acre corner lot along M66, easily accessible to Greenville/Ionia and Grand Rapids/Lansing.
    (616) 902-2235
    Request Owner's contact information
    7033 S Sheridan Rd Sheridan, MI 48884
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    Sheridan, MI 48884
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7033 S Sheridan Rd Sheridan, MI 48884
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    We can help!
    Listing Contact
    Darin K Elliott
    Darin K Elliott
    (616) 902-2235
    Learn more
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