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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

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.
More about this property
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