Established Cafe-Style Restaurant For
For Sale
$349,000
228 N Jefferson St, Hastings, MI 49058
Cafe Style Restaurant For Sale in Hasting, Barry County, MI
Property Size2,066 SF
Lot Size0.20 Acres
Price / SF$168.93
Days on Market188
Property Features for 228 N Jefferson St
General Information
Standard status
Active
Property type
Breakfast & diners, Conventional restaurants, Restaurants
Size
2,066 SF
Net Rentable
2,066 SF
Class
A
Total Parking Spaces
25
Elevators
No
Lot size
0.20 Acres
Occupancy
100%
Investment Type
Owner User
Building Details
Year Built
1963
Year Renovated
2023
Buildings
1
Stories
1
Units
1
Listed By:
David Elwood
(248) 923-4334
Added: Mar 11
Changed: Apr 8
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire a well-established cafe-style restaurant specializing in breakfast, brunch, and lunch. The sale includes both the business and the commercial real estate. The restaurant has become a local favorite known for its inviting atmosphere. The offering price reflects approximately 45% of the total value when compared with standard restaurant valuation methods. The business and building are available for roughly 1.3 times annual owner cash flow (SDE) or 1.9 times operating earnings (EBITA). This is suited for an entrepreneur looking to step into restaurant ownership with a strong cash-flowing business already in place, a culinary couple or family team eager to run their own breakfast-and-lunch destination, or an experienced operator ready to expand into a proven location with the advantage of owning the real estate. The property is located in Hastings, Barry County, Michigan. The building size is 2066 square feet and the lot size is 0.2 acres. The restaurant is well known and established. The financials support a suggested price 55% higher than offered. The offered price includes real estate.
Key Highlights
- Well known established restaurant.
- Financials support suggested price 55% Higher than offered.
- Includes real estate
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49058, MI
19,422
Population
8,337
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
147.6 sq mi
ZIP Area
132
Density / Sq Mi
$71,169
Median Household Income
$40,868
Median Earnings
$928
Median Rent
$210,600
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Breakfast & diner - Cafe Style Restaurant For Sale in Hasting, Barry County, MI
Where is this breakfast & diner located?
The property is located at 228 N Jefferson St Hastings, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Well known established restaurant.; Financials support suggested price 55% Higher than offered.; Includes real estate
