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    Turnkey Diner in Downtown Augusta

    111 W Michigan Avenue Augusta, MI 49012

    111 W Michigan Avenue, Augusta, MI, 49012
    $399,900
    For Sale
    Claim this Listing
    $399,900

    COMMERCIAL - Augusta, MI

    Property Size1,900 SF
    Lot Size0.50 Acres
    Price / SF$210.47
    AddedFeb 25
    Days on Market141
    Last RefreshJul 16 at 5:06 am

    Property Features for 111 W Michigan Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    04-34-360-220
    Size
    1,900 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    VILLAGE OF AUGUSTA LOTS 25-26 & N1/4 LOTS 29-30 * BLK 13 RANGE 6 = V2 166
    Tax Annual Amount
    3770

    Building Details

    Year built
    2002
    Number of units
    1

    Listing agent Connor Schultze

    Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

    Listing date Feb 25, 2026

    MLS# 26008496

    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.

    Investment Insights

    Based on property information with market context.

    This turnkey diner opportunity is located in downtown Augusta, at 111 W Michigan Ave. The restaurant benefits from excellent visibility along Michigan Avenue and is surrounded by local businesses and neighborhood rooftops. The property offers a chance to acquire an operating diner concept, with all furniture, fixtures, and equipment included in the sale. The kitchen is fully equipped with commercial-grade equipment, prep areas, refrigeration, a cooking line, and dining room furnishings. The property size is 1900 square feet and the lot size is 0.5 acres. It is suited for an owner-operator or investor looking to expand their restaurant portfolio in a strong small-town market. Financials are available for qualified buyers upon request and receipt of a signed confidentiality agreement.

    Key Highlights

    • Operating diner restaurant at 111 W Michigan Ave in downtown Augusta
    • Built in 2002
    • Includes furniture, fixtures, and equipment with the sale

    Local 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 $25.0k $13.14
    − Vacancy −$1.2k −$0.63
    EGI $23.8k $12.51
    − OpEx −$5.9k −$3.13
    NOI $17.8k $9.38
    1,900 SF · lease $13.14/SF/yr · vacancy 4.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $254.7K
    $222.8K – $297.1K (±1% cap)
    NOI $17,826 @ 7.0% cap · market cap 4.46%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $497.2K
    $435.0K – $580.1K (±1% cap)
    NOI $34,803 @ 7.0% cap · market cap 8.70%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Nina's Taqueria Restaurant DIG-IN CAFE AND CATERING Restaurant

    Suggested Use

    Parking Lot & Garage Big Box & Wholesale Store Building Supply Hair Salon Grocery & Convenience Store Nail Salon Catering Service Auto Repair Shop Spa & Massage Center Pharmacy

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

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    Similar Off Market Nearby

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    FAQs

    What type of property is this?
    Breakfast & diner - Operating diner with equipment included in downtown Augusta, Michigan.
    Where is this breakfast & diner located?
    The property is located at 111 W Michigan Avenue Augusta, MI.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Operating diner restaurant at 111 W Michigan Ave in downtown Augusta; Built in 2002; Includes furniture, fixtures, and equipment with the sale
    Contact an agent
    (269) 370-6437
    We can help!
    Contact an agent
    Connor Schultze
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