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    Established Ice Cream Joint For Sale Title is generated by Realmo AI

    116 E 2nd Strreet, Lawton, MI 49065

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    Turnkey ice cream shop in downtown Lawton, Michigan.

    Type:Business for Sale, Retail
    Property size:
    360 SF
    Price / SF:
    $541/SF
    Added:
    Dec 6, 2025
    Days on Market:
    158
    Last Refresh:
    Mar 16 at 1:32 pm

    Property Features for 116 E 2nd Strreet

    General Information

    Standard status
    Active
    Size
    360 SF
    Property subtype
    Business for Sale, Retail

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Brian Lewis

    Listing agent Brian Lewis License #6591441776

    Listing office Berkshire Hathaway HomeServices Michigan Real Estate Portage

    Listing date Dec 6, 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 Berkshire Hathaway HomeServices Michigan Real Estate Portage

    HighLights

    • Established ice cream business in a prime downtown location with strong community visibility.
    • Turnkey operation with seasonal net income of approximately $50,000 (April–September).
    • Fully reconditioned building with new roof, updated basement, modernized electrical, and upgraded plumbing.
    • Includes most fixtures and equipment for immediate operation.
    • Potential for land contract terms with $50,000 down.
    • Current operator of 13+ years may be willing to stay on for training and transition.

    Overview

    Moo Moo’s Ice Cream Joint is a long-established community favorite located in the heart of downtown Lawton, Michigan. The building has been fully reconditioned with a new roof, updated basement, modernized electrical, and upgraded plumbing. This turnkey shop generates seasonal net income of approximately $50,000 (April–September) based on prior years. The business is fully operational and includes most fixtures and equipment. The current operator of 13+ years may be willing to stay on, providing continuity, training, and smooth transition for a new owner or investor. Moo Moo’s proudly serves Hershey’s Ice Cream with over 32 rotating flavors, attracting regulars, visitors, and seasonal crowds throughout spring, summer, and early fall. The seller may consider land contract terms with $50,000 down. The building’s efficient layout, updated systems, and established brand make this an excellent fit for an owner-operator, an investor seeking passive income, or someone looking to expand into multi-location dessert or café concepts. The property size is 360 square feet. Prime downtown location, strong community visibility, and reliable seasonal revenue make Moo Moo’s a standout retail opportunity in Southwest Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bomba's BBQ Restaurant Moo Moos Ice ... Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness Center Accounting Firm Department Store

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

    Similar Places Nearby

    • The Vineyard Café — 231 N Main St, Lawton, MI 49065
    • Diamond Café — Lawton, MI 49065

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.849035
    Latitude
    42.168526

    FAQs

    What type of property is this?
    Coffee shop - Turnkey ice cream shop in downtown Lawton, Michigan.
    Where is this coffee shop located?
    The property is located at 116 E 2nd Strreet Lawton, MI.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Established ice cream business in a **prime downtown location with strong community visibility**.; **Turnkey operation with seasonal net income of approximately $50,000** (April–September).; Fully reconditioned building with new roof, updated basement, modernized electrical, and upgraded plumbing.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Lewis
    Real Estate License ID: 6591441776
    Learn More
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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.

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