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    18089 W State St Cassopolis, MI 49095

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    For Sale
    $225,000

    Restaurant with banquet room, outdoor seating, and rental apartment.

    Lot size:
    0.81 Acres

    Property Features for 18089 W State St

    General Information

    Lot size
    0.81 Acres

    Building Details

    Year built
    1955

    Source: Cressy & Everett Real Estate Agent Dennis Bamber

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

    Overview

    Turnkey Restaurant Opportunity Near Lakes

    This long-standing restaurant, situated on busy M-60 near Diamond, Donnell, Birch, and Shavehead Lakes, presents a business opportunity. The property features seating for over 150 patrons in a bar and dining area, along with a banquet room suitable for events such as weddings, graduations, and birthday parties. Located on almost 1 acre, the site provides parking for numerous vehicles, as well as an outdoor deck and patio with a bandstand for outside entertainment and dining. The sale includes all equipment, fixtures, and inventory, offered as a turnkey operation. An upstairs apartment is available for rental income. The location in Cassopolis benefits from several new businesses employing hundreds of workers, offering potential for business growth. The seller is open to considering a land contract or partnership.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cassopolis
    County
    Cass
    State
    Michigan
    Longitude
    -85.991702
    Latitude
    41.911574

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    FAQs

    What type of property is this?
    Restaurant - Restaurant with banquet room, outdoor seating, and rental apartment.
    Where is this restaurant located?
    The property is located at 18089 W State St Cassopolis, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Turnkey restaurant business opportunity with all equipment, fixtures, and inventory included.; - Seating for over 150 patrons with **bar, dining area, and banquet room.**; - Located on busy M-60 near several premier lakes.
    (574) 532-3808
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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
    18089 W State St Cassopolis, MI 49095
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