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    31490 Utica Rd Fraser, MI 48026

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    For Sale
    $4,800,000

    Top-rated event venue and catering business in premier location.

    Property size:
    23,841 SF
    Lot size:
    4.53 Acres

    Property Features for 31490 Utica Rd

    General Information

    Size
    23,841 SF
    Lot size
    4.53 Acres

    Source: eXp Commercial - MI Agent Marin Klink

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Profitable Event Venue and Catering

    This offering features a top-rated event venue and catering business situated in a prime location within Southeast Michigan. The property, with a size of 23841 square feet, is a fully renovated and meticulously maintained turnkey operation, ready for immediate takeover. It benefits from strong brand recognition, stellar reviews, and a loyal customer base. The adjusted Net Operating Income (NOI) is $748,000.00, with a cap rate of 15.58. Financing options are available for qualified buyers. The seller is committed to remaining part-time for up to one year to ensure a smooth transition. This business presents growth potential and is suited for investors, entrepreneurs, or industry veterans seeking stability within the event and hospitality industry.
    Insight Report Location Intelligence

    Current Use by Public Records

    Vintage Gardens Wedding ... Wedding Chapel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.947009
    Latitude
    42.530751

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    FAQs

    What type of property is this?
    Wedding venue - Top-rated event venue and catering business in premier location.
    Where is this wedding venue located?
    The property is located at 31490 Utica Rd Fraser, MI.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: - High Adjusted Net Operating Income (NOI) of $748,000.00 and a Cap Rate of 15.58.; - Premier location in Southeast Michigan with excellent visibility.; - Turnkey operation, fully renovated and meticulously maintained.
    (888) 501-7085
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    Fraser, MI 48026
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    Realmo Value Estimation

    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.

    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.

    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
    31490 Utica Rd Fraser, MI 48026
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