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    Turnkey Restaurant and Residential Property

    12229 Seymour Road Grass Lake, MI 49240

    Claim this Listing
    For Sale
    $750,000

    COMMERCIAL - Grass Lake, MI

    Property size:
    5,310 SF
    Lot size:
    1.09 Acres
    Price / SF:
    $141/SF
    Added:
    May 14, 2026
    Days on Market:
    59
    Last Refresh:
    Jul 11 at 11:06 pm

    Property Features for 12229 Seymour Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    000-10-05-351-001-02
    Size
    5,310 SF
    Lot size
    1.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    On file
    Tax Annual Amount
    11332

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Water source
    Well

    Building Details

    Year built
    1993
    Floors in Building
    2
    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 14, 2026

    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.

    Investment Insights

    Based on property information with market context.

    This is a rare opportunity to acquire a fully operational restaurant and bar property with an accompanying single-family residence. The property is ideal for owner-operators, investors seeking a mixed-use income property, or hospitality groups seeking a destination-style venue. It is located in the heart of the Waterloo Recreation Area. The commercial building, built in 1993 and remodeled in 2009, is a 3,414 square foot restaurant and bar. It features a large L-shaped bar, a spacious dining room, and a commercial kitchen equipped with stainless prep lines, a hood system, fryers, burners, and refrigeration. Additional service areas and storage are also included. Outdoor amenities include a covered patio dining pavilion, a picnic-style seating area, a large outdoor smoker station, and landscaped grounds with a decorative pond. Ample parking is available. The site is 1.086 acres with C-1 zoning supporting restaurant, bar, retail, and other commercial uses. The residential home, built in 1950, is a 1,896 square foot ranch with 2 bedrooms and 2.5 baths. It includes a 450 square foot basement, a 480 square foot attached garage, forced heat and cooling, a large deck, a sunroom with a hot tub, and a fireplace. The lot size is 0.876 acres with mature trees and a landscaped yard. The combined acreage is approximately 1.96 acres with C-1 (Commercial) and R-3 (Residential) zoning. The property is located in a high-traffic recreational area near lakes and campgrounds, offering strong potential for destination dining, events, catering, or expansion.

    Key Highlights

    • Turnkey, fully operational restaurant/bar with a well‑equipped kitchen, bar infrastructure, and indoor/outdoor seating.
    • Includes a separate, well‑maintained 1,896 sq ft single‑family residence.
    • Located in the high‑traffic Waterloo Recreation Area, near lakes, campgrounds, and state land.

    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 $73.3k $13.80
    − Vacancy −$6.0k −$1.13
    EGI $67.3k $12.67
    − OpEx −$16.8k −$3.17
    NOI $50.5k $9.50
    5,310 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $720.7K
    $630.7K – $840.9K (±1% cap)
    NOI $50,452 @ 7.0% cap · market cap 6.73%
    Second Best
    Apartment 5plus
    $470.6K
    $411.8K – $549.1K (±1% cap)
    NOI $32,943 @ 7.0% cap · market cap 4.39%
    Theoretical Best
    Office A
    $847.7K
    $741.7K – $988.9K (±1% cap)
    NOI $59,336 @ 7.0% cap · market cap 7.91%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    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

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    FAQs

    What type of property is this?
    Bar & Pub - Fully operational restaurant/bar with residence in Waterloo Recreation Area.
    Where is this bar & pub 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: Turnkey, fully operational restaurant/bar with a well‑equipped kitchen, bar infrastructure, and indoor/outdoor seating.; Includes a separate, well‑maintained 1,896 sq ft single‑family residence.; Located in the high‑traffic Waterloo Recreation Area, near lakes, campgrounds, and state land.
    Contact an agent
    (734) 926-0230
    We can help!
    Contact an agent
    Charles Koenn
    Real Estate License ID: 6506040186
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