Restaurant Property with Adjacent
12229 Seymour Road, Grass Lake, MI 49240
For Sale
$750,000
Commercial Sale, Grass Lake, MI
Property Size5,310 SF
Lot Size1.09 Acres
Price / SF$141.24
Days on Market181
Property Features for 12229 Seymour Road
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
game room
outdoor smoker station
decorative pond
horse parking
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
Swisher Commercial
(734) 663-0501
Listed By:
Charles Koenn · License MI #6506040186
(734) 926-0230
Added: May 14
Changed: Oct 22
Last Checked: Nov 10 at 2:06AM
MLS# 26024715
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.
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Investment Insights
Based on property information with market context.
This restaurant and bar property includes a 3,414-square-foot commercial building constructed in 1993 and remodeled in 2009. The operation features an L-shaped bar, dining room, commercial kitchen, service and storage areas, POS zones, and a private game room. Exterior improvements include a covered patio pavilion, picnic seating, smoker station, landscaped grounds, decorative pond, fenced patio, and parking. The site contains 1.086 acres and is zoned C-1 for restaurant, bar, retail, and other commercial uses. Well and septic systems serve the property.
An adjacent 1,896-square-foot ranch residence, built in 1950, provides two bedrooms, 2.5 baths, a 450-square-foot basement, and a 480-square-foot attached garage. The home also includes forced heat and cooling, a deck, sunroom with hot tub, fireplace, and private driveway on a 0.876-acre lot. The property is located at 12229 Seymour Road in Grass Lake, near recreational, camping, lake, and state-land areas.
An adjacent 1,896-square-foot ranch residence, built in 1950, provides two bedrooms, 2.5 baths, a 450-square-foot basement, and a 480-square-foot attached garage. The home also includes forced heat and cooling, a deck, sunroom with hot tub, fireplace, and private driveway on a 0.876-acre lot. The property is located at 12229 Seymour Road in Grass Lake, near recreational, camping, lake, and state-land areas.
Key Highlights
- 3,414 SF restaurant/bar building built in 1993 and remodeled in 2009
- 1,896 SF adjacent ranch residence with 2 bedrooms and 2.5 baths
- Commercial kitchen with hood system, fryers, burners, refrigeration, and pass‑through window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,452
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,040
$1.0M
Cap Rate 7%
$720,743
$720.7K
Cap Rate 9%
$560,578
$560.6K
Market Conditions
NOI Build-Up for 5,310 SF
Gross rent
$73.3K $13.80/SF
− Vacancy
−$6.0K −$1.13/SF
EGI
$67.3K $12.67/SF
− OpEx
−$16.8K −$3.17/SF
NOI
$50.5K $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%
$1,009,040
Cap Rate 7%
$720,743
Cap Rate 9%
$560,578
Alternative Uses
Best Use
Specialty Retail
$720.7K
$630.7K – $840.9K
NOI $50,452 @ 7.0% cap · market cap 6.73%
Second Best
Mixed Use
$628.7K
$550.1K – $733.5K
NOI $44,007 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$847.7K
$741.7K – $988.9K
NOI $59,336 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
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
$272,300
Median Home Value
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Market
Average Price Trend$/SF for Conventional restaurants in Jackson County, MI
Properties on Market for Conventional restaurants in Jackson County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant and bar with commercial kitchen, indoor and outdoor seating, and a neighboring ranch home.
Where is this conventional restaurant located?
The property is located at 12229 Seymour Road Grass Lake, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,414 SF restaurant/bar building built in 1993 and remodeled in 2009; 1,896 SF adjacent ranch residence with 2 bedrooms and 2.5 baths; Commercial kitchen with hood system, fryers, burners, refrigeration, and pass‑through window
