6492 Paradise Trail, Carp Lake, MI 49718
Established restaurant and ice cream parlor in Carp Lake, Michigan.
- Added:
- Feb 12, 2025
- Days on Market:
- 485
- Last Refresh:
- May 12 at 9:51 pm
Property Features for 6492 Paradise Trail
General Information
- Standard status
- Active
- Size
- 5,193 SF
- Property subtype
- Special Purpose
Listing agent Jim Bell License #MI
Listing office Coldwell Banker Fairbairn Realty
Listing date Feb 12, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Fairbairn Realty
HighLights
- Prime waterfront location with breathtaking views in Carp Lake, MI
- Well‑established and thriving restaurant with a strong, loyal customer base
- Includes a charming ice cream parlor, adding to its appeal
- Turn‑key business with a fully staffed team in place for a smooth transition
- Owner financing is available to the right buyer
- Endless potential for growth and success in a well‑loved local establishment
Overview
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 | $80.4k | $15.48 |
| − Vacancy | −$3.4k | −$0.65 |
| EGI | $77.0k | $14.83 |
| − OpEx | −$23.1k | −$4.45 |
| NOI | $53.9k | $10.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Carp Lake
- County
- Emmet
- State
- Michigan
- Longitude
- -84.7789909
- Latitude
- 45.6944585
