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    1335 E Center St Ithaca, MI 48847

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    For Sale
    $1,000,000

    3,350 SF operating restaurant with redevelopment potential in Ithaca, MI.

    Property size:
    3,350 SF
    Lot size:
    2.00 Acres

    Property Features for 1335 E Center St

    General Information

    Size
    3,350 SF
    Lot size
    2.00 Acres

    Source: Thomas A. Duke Company Agent Eric Szerlag

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

    Overview

    Operating Restaurant Building For Sale

    A 3,350 SF operating restaurant building is available for sale on E Center Street (Business US-127) in Ithaca, MI. The property is an operating restaurant with the potential to convert to a new owner's concept. It can also be redeveloped into a new single or multi-tenant retail development due to its location with visibility from US-127. The property is in immediate proximity to US-127, located at the exit onto Business-127. Land contract terms are available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Great Lakes Family ... Family Restaurant Bon's Burgers Hamburger Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.585911
    Latitude
    43.292017

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      Ithaca Restaurant - $1M Asking Price

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    FAQs

    What type of property is this?
    Restaurant - 3,350 SF operating restaurant with redevelopment potential in Ithaca, MI.
    Where is this restaurant located?
    The property is located at 1335 E Center St Ithaca, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Operating restaurant with conversion or redevelopment potential.; - High visibility location near US-127.; - Immediate proximity to US-127 exit.
    (248) 476-3700
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    1335 E Center St Ithaca, MI 48847
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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
    1335 E Center St Ithaca, MI 48847
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