Fully Equipped Restaurant
For Sale
$500,000
12227 Seymour Road, Grass Lake, MI 49240
Operational hospitality venue with a bar, commercial kitchen, event room, covered patio, and outdoor smoker station.
Property Size3,414 SF
Lot Size1.09 Acres
Price / SF$146.46
Days on Market57
Property Features for 12227 Seymour Road
General Information
Standard status
Active
Size
3,414 SF
Lot size
1.09 Acres
Property subtype
Retail
Zoning
C-1 (Local Commercial District)
Site & Location
Road Access
Yes
Utilities to Site
Yes
Restaurant
Commercial Hood
Yes
Patio
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Amenities
game room
picnic seating area
outdoor smoker station
decorative pond
lounge area
horse parking
mounted TVs
Listing Agency:
Swisher Commercial
Listed By:
Charlie Koenn · License #MI #6506040186
(734) 926-0230
Source:
Swishercommercial
Added: Aug 22
Changed: Oct 14
Last Checked: Oct 16 at 7:11AM
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
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Investment Insights
Based on property information with market context.
Established in 1993, this operational restaurant property combines a full-service dining room with a commercial bar, private game room, and multiple service areas. The kitchen includes stainless preparation lines, a hood system, fryers, burners, refrigeration, and a pass-through window. Exterior improvements include a covered dining pavilion, a fenced patio, picnic-style seating, an outdoor smoker station, and a decorative pond with a lounge area. The site also provides storage, POS areas, and landscaped grounds.
Positioned at 12227 Seymour Road in Grass Lake, the property offers access from Seymour Road within the Waterloo Recreation Area. The surrounding recreational setting includes nearby lakes, campgrounds, and state land, with additional horse parking available from Waterloo Trail. The 1.09-acre parcel is zoned C-1 and served by a well and septic system.
Positioned at 12227 Seymour Road in Grass Lake, the property offers access from Seymour Road within the Waterloo Recreation Area. The surrounding recreational setting includes nearby lakes, campgrounds, and state land, with additional horse parking available from Waterloo Trail. The 1.09-acre parcel is zoned C-1 and served by a well and septic system.
Key Highlights
- Operational restaurant and bar property built in 1993
- Commercial kitchen with hood system, fryers, burners, refrigeration, and pass‑through window
- L‑shaped bar with multiple taps, liquor display, glass racks, and mounted TVs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,437
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,740
$648.7K
Cap Rate 7%
$463,386
$463.4K
Cap Rate 9%
$360,411
$360.4K
Market Conditions
NOI Build-Up for 3,414 SF
Gross rent
$47.1K $13.80/SF
− Vacancy
−$3.9K −$1.13/SF
EGI
$43.2K $12.67/SF
− OpEx
−$10.8K −$3.17/SF
NOI
$32.4K $9.50/SF
Area
Jackson County, MI
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,740
Cap Rate 7%
$463,386
Cap Rate 9%
$360,411
Alternative Uses
Best Use
Specialty Retail
$463.4K
$405.5K – $540.6K
NOI $32,437 @ 7.0% cap · market cap 6.49%
Second Best
Industrial
$338.8K
$296.5K – $395.3K
NOI $23,719 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$545.0K
$476.9K – $635.8K
NOI $38,149 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49240, MI
9,213
Population
4,050
Households
2.3
Avg Household Size
45
Median Age
33%
College-Educated
97%
High-School Grad
104.1 sq mi
ZIP Area
89
Density / Sq Mi
$95,307
Median Household Income
$49,705
Median Earnings
$1,178
Median Rent
$272,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operational hospitality venue with a bar, commercial kitchen, event room, covered patio, and outdoor smoker station.
Where is this conventional restaurant 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: Operational restaurant and bar property built in 1993; Commercial kitchen with hood system, fryers, burners, refrigeration, and pass‑through window; L‑shaped bar with multiple taps, liquor display, glass racks, and mounted TVs
