Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    323 S Main St Eaton Rapids, MI 48827

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $249,900

    Fully equipped restaurant space ready for immediate operation.

    Property size:
    1,392 SF
    Lot size:
    0.25 Acres

    Property Features for 323 S Main St

    General Information

    Standard status
    Active
    Size
    1,392 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Mohamed Alshubi
    Source: Exitrealty

    Listing Agency: Keller Williams Legacy Listing Agent: Mohamed Alshubi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turnkey Restaurant Opportunity

    This is a turnkey restaurant opportunity, a fully equipped, move-in-ready space. It includes essential restaurant equipment such as a kitchen hood, walk-in cooler, walk-in freezer, commercial stove, fryers, grills, coolers, and more. The dining area is furnished with booths, tables, and plenty of seating. The restaurant is located at a corner on S Main and State, offering visibility, high traffic, and a spacious parking lot. The property size is 1392 square feet. This restaurant is located at 323 S Main Street, Eaton Rapids, MI 48827.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    New China Buffet

    Location Insight

    • Map
    • Local Demand
    City
    Eaton Rapids
    County
    Eaton
    State
    Michigan
    Longitude
    -84.6553907
    Latitude
    42.5095071

    Nearby Similar for Sale

    • $299,900
      Pending

      Eaton Rapids Multi-Unit Investment Property

      Four-unit property with strong income potential in Eaton Rapids.
      220 S River St, Eaton Rapids, MI 48827
      View Details
    • $450,000

      Eaton Rapids Former Religious Facility

      Former religious facility with 200-seat sanctuary on 10 acres.
      9537 S Clinton Trl, Eaton Rapids, MI 48827
      View Details
    • $249,900

      Turnkey Restaurant Opportunity

      Fully equipped restaurant space ready for immediate operation.
      323 S Main St, Eaton Rapids, MI 48827
      View Details
    • $249,900

      Turnkey Restaurant Opportunity Ready

      Fully equipped restaurant with high visibility and ample parking.
      323 S Main St, Eaton Rapids, MI 48827
      View Details
    • $109,900

      Harwood Court Specialty Property

      Specialty property available for sale in Eaton Rapids, Michigan.
      539 Harwood Ct, Eaton Rapids, MI 48827
      View Details
    • $349,000
      9,800 SF

      Red Ribbon Hall: Eaton Rapids Event Venue

      Historic Event Venue, 9,800 sq ft
      314 Main St, Eaton Rapids, MI 48827
      View Details
    • $1,200,000
      45,626 SF

      Eaton Rapids Charter School Site

      15 Acres, Redevelopment Opportunity
      400 Dexter Rd, Eaton Rapids, MI 48827
      View Details
    • $1,600,000
      42,900 SF

      Eaton Rapids Industrial Portfolio

      Six Buildings, 42,900 SF Flex Space
      6924 Peck Rd, Eaton Rapids, MI 48827
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Fully equipped restaurant space ready for immediate operation.
    Where is this conventional restaurant located?
    The property is located at 323 S Main St Eaton Rapids, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Fully equipped, move-in-ready restaurant space eliminates startup time and costs.; - Prime corner location at S Main and State offers excellent visibility and high traffic.; - Includes essential restaurant equipment: kitchen hood, walk-in cooler/freezer, commercial stove, fryers, grills, coolers.
    (313) 752-0000
    Request Owner's contact information
    323 S Main St Eaton Rapids, MI 48827
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    323 S Main St
    Eaton Rapids, MI 48827
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    323 S Main St Eaton Rapids, MI 48827
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mohamed Alshubi
    Real Estate License ID: 6501439818
    (313) 752-0000 (313) 770-1175
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!