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Turnkey Restaurant/Bar in Recreation Area

12227 Seymour Road Grass Lake, MI 49240

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For Sale
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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:
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

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.

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.

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

Alternative Uses

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.

Property Analytics

Property Profile 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 Off Market Nearby

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

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.
Contact an agent
(734) 926-0230 Call to check price and availability
More about this property
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