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Diner Restaurant with Seating
For Sale
$240,000

112 N State Street, Freeport, MI 49325

Restaurant offering 54 seats, a separate back-of-house prep and storage area, and included equipment.

Property Size3,878 SF
Days on Market108

Property Features for 112 N State Street

General Information

Standard status Active
Size 3,878 SF
Total Parking Spaces 20
Property subtype Commercial
Zoning C-1

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $2,491

Building Details

Building Size 3,878 SF
Year Built 1940
Buildings 1
Stories 2
Units 1
Listing Agency: KW Rivertown Hoppough
Listed By: James Stephens · License #6502365936
Source: Buyatthelake
Added: May 8 Changed: Aug 23 Last Checked: Aug 22 at 9:16AM

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 KW Rivertown Hoppough

Investment Insights

Based on property information with market context.

Smelk’s Diner is a downtown restaurant built for day-to-day service, with seating for 54 diners and a dining area described as very nicely decorated. The layout includes a separate back area for food preparation and storage, along with additional storage in the basement and an office for work operations. Most equipment is included with the sale, subject to an attached equipment list.

The property is located in Downtown Freeport, directly on N State Street (address: 112 N State Street, Freeport, MI 49325).

Key Highlights

  • Smelk's Diner restaurant in Downtown Freeport
  • Year built: 1940
  • Dining seating for 54 diners, including counter seating with bar stools

Property Analytics

Current Use

Smelk's Diner Restaurant

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Tanning Salon Restaurant Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

45
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49325, MI

2,090
Population
794
Households
2.6
Avg Household Size
39
Median Age
26%
College-Educated
96%
High-School Grad
26.7 sq mi
ZIP Area
78
Density / Sq Mi
$82,361
Median Household Income
$47,938
Median Earnings
$914
Median Rent
$309,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Breakfast & diner - Restaurant offering 54 seats, a separate back-of-house prep and storage area, and included equipment.
Where is this breakfast & diner located?
The property is located at 112 N State Street Freeport, MI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Smelk's Diner restaurant in Downtown Freeport; Year built: 1940; Dining seating for 54 diners, including counter seating with bar stools
More about this property
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