12227 Seymour Road Grass Lake, MI 49240
Fully operational restaurant and bar in high-traffic recreational area.
- Added:
- May 22, 2026
- Days on Market:
- 52
- Last Refresh:
- May 27 at 8:20 am
Property Features for 12227 Seymour Road
General Information
- Standard status
- Active
- Size
- 3,414 SF
- Lot size
- 1.09 Acres
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1993
Listing office Swisher Commercial (734) 926-0230
Listing date May 22, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Swisher Commercial
Investment Insights
Based on property information with market context.
Key Highlights
- Fully operational restaurant/bar in the heart of the Waterloo Recreation Area.
- Well‑maintained and fully equipped commercial kitchen with stainless prep lines, hood system, fryers, burners, refrigeration, and pass‑through window.
- Covered patio dining pavilion with wood beam construction and brick pavers.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.1k | $13.80 |
| − Vacancy | −$3.9k | −$1.13 |
| EGI | $43.2k | $12.67 |
| − OpEx | −$10.8k | −$3.17 |
| NOI | $32.4k | $9.50 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Portage Lake Parlor — 12227 Seymour Rd, Grass Lake, MI 49240