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    Turnkey Restaurant & Bar Opportunity

    12227 Seymour Road Grass Lake, MI 49240

    Claim this Listing
    For Sale
    $500,000

    COMMERCIAL - Grass Lake, MI

    Property size:
    3,414 SF
    Lot size:
    1.09 Acres
    Price / SF:
    $146/SF
    Added:
    May 13, 2026
    Days on Market:
    61
    Last Refresh:
    Jul 12 at 12:06 am

    Property Features for 12227 Seymour Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    000-10-05-351-001-01
    Size
    3,414 SF
    Lot size
    1.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    On File
    Tax Annual Amount
    6604

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1993
    Floors in Building
    1
    Number of units
    1
    Building materials
    Vinyl Siding

    Listing agent Charles Koenn License #6506040186

    Listing office Swisher Commercial 180 Little Lake Dr. Ste 4, Ann Arbor, MI

    Listing date May 13, 2026

    MLS# 26024714

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This is a rare opportunity to acquire a fully operational restaurant and bar property suitable 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. The 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 horse parking from Waterloo Trail. The property is situated on 1.09 acres with C 1 zoning that supports restaurant, bar, retail, and other commercial uses. It has 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 and well‑maintained restaurant/bar with all equipment included.
    • Prime location in the heart of the Waterloo Recreation Area, a high‑traffic recreational destination.
    • Features spacious dining room, commercial kitchen, private game room, and covered patio dining pavilion.

    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
    —
    —
    no second resolved use
    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.

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    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 Waterloo Recreation 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 and well‑maintained restaurant/bar with all equipment included.; Prime location in the heart of the Waterloo Recreation Area, a high‑traffic recreational destination.; Features **spacious dining room, commercial kitchen, private game room, and covered patio dining pavilion.**
    Contact an agent
    (734) 926-0230
    We can help!
    Contact an agent
    Charles Koenn
    Real Estate License ID: 6506040186
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