For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turnkey Restaurant/Bar in Recreation Area Title is generated by Realmo AI

    12227 Seymour Road, Grass Lake, MI 49240

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Fully operational restaurant and bar in high-traffic recreational area.

    Type:Business for Sale, Retail
    Property size:
    3,414 SF
    Lot size:
    1.09 Acres
    Price / SF:
    $146/SF
    Added:
    May 22, 2026
    Days on Market:
    7
    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

    We can help!

    Listing Contact
    Charlie Koenn
    Charlie Koenn

    Listing agent Charlie Koenn License #MI 6502350220

    Listing office Swisher Commercial

    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

    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.
    • Ample parking and easy access from Seymour Rd, including horse 'parking' from Waterloo Trail.
    • C‑1 zoning supports restaurant, bar, retail, and other commercial uses.
    • Landscaped grounds with a decorative pond, lounge area, and fenced patio.

    Overview

    This is a rare opportunity to acquire a fully operational restaurant and bar property, ideally suited for owner-operators, hospitality groups expanding into destination dining, investors, caterers, BBQ operators, breweries, or event-driven concepts. The property is located in the heart of the Waterloo Recreation Area. The well-maintained and fully equipped hospitality operation features an L-shaped bar with multiple taps, a liquor display, overhead glass racks, and several mounted TVs. The spacious dining room includes wood-look flooring, clean finishes, and flexible table layouts. A commercial kitchen is equipped with stainless prep lines, a hood system, fryers, burners, refrigeration, and a pass-through window. Additional service areas, storage, and POS zones are available, along with a private 'game room' for private events or additional seating. The property also features a covered patio dining pavilion with wood beam construction and brick pavers, an additional picnic-style seating area with firewood storage, and a large outdoor smoker station with a wood storage canopy. The landscaped grounds include a decorative pond, lounge area, and fenced patio. Ample parking is available, with easy access from Seymour Rd and even horse 'parking' from the Waterloo Trail. The property is situated on 1.09 acres with C 1 zoning that supports restaurant, bar, retail, and other commercial uses. It includes well and septic systems and is located in a high-traffic recreational area near lakes, campgrounds, and state land. The building size is 3414 square feet.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $360.4K
    NOI $32,437 @ 9.00% cap · cautious / downside scenario
    Moderate
    $463.4K
    NOI $32,437 @ 7.00% cap · market / base-case scenario
    Aggressive
    $648.7K
    NOI $32,437 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Specialty Retail

    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
    3,414 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $463.4K
    $405.5K – $540.6K (±1% cap)
    NOI $32,437 @ 7.0% cap · market cap 6.49%
    Second Best
    Retail
    $336.3K
    $294.3K – $392.4K (±1% cap)
    NOI $23,544 @ 7.0% cap · market cap 4.71%
    Theoretical Best
    Office A
    $545.0K
    $476.9K – $635.8K (±1% cap)
    NOI $38,149 @ 7.0% cap · market cap 7.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Portage Lake Parlor Restaurant

    Suggested Use

    Restaurant Department Store Bar & Pub

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

    Similar Places Nearby

    • Portage Lake Parlor 12227 Seymour Rd, Grass Lake, MI 49240

    Location Insight

    • Map
    • Local Demand
    City
    Grass Lake
    County
    Jackson
    State
    Michigan
    Longitude
    -84.22453
    Latitude
    42.32259

    FAQs

    What type of property is this?
    Bar & Pub - Fully operational restaurant and bar in high-traffic recreational area.
    Where is this bar & pub located?
    The property is located at 12227 Seymour Road Grass Lake, MI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 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.
    (734) 926-0230 Call to check price and availability
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message