Turnkey Restaurant and Bar
12227-12229 Seymour Road Grass Lake, MI 49240
12227-12229 Seymour Road, Grass Lake, MI, 49240
$750,000
For Sale
$750,000
Fully operational restaurant and bar with commercial kitchen, liquor license, and multiple indoor and outdoor seating areas.
Property Size5,310 SF
Lot Size1.09 Acres
Price / SF$141.24
Days on Market48
Property Features for 12227-12229 Seymour Road
General Information
- Standard status
- Active
- Size
- 5,310 SF
- Lot size
- 1.09 Acres
- Property subtype
- Retail
Listing Agency
Swisher Commercial
(734) 926-0230
Listed by
Charlie Koenn · License #MI #6506040186
Source
Swishercommercial
Added: Jun 2 Checked: Jul 19 at 3:36 am
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
Investment Insights
Based on property information with market context.
A rare opportunity to acquire a fully operational restaurant/bar property designed for a turnkey hospitality operation. The offering includes FF&E and a Class C Liquor License, along with a fully equipped commercial kitchen and bar. The primary building is approximately 3,414 SF and the site also includes an approximately 1,896 SF ranch-style residence with 2 bedrooms, 2.5 baths, a 450 SF basement, and an attached garage.
The property is located within the Waterloo Recreation Area and supports a destination-style experience. Indoor dining is complemented by a covered outdoor patio with additional outdoor seating and a smoker station. There is also a private game room/event space, along with landscaped grounds featuring a pond and lounge area. The property offers ample on-site parking, and horse access/parking is available from Waterloo Trail. Utilities include well and septic.
This configuration offers strong fit for owner-operators, investors, or hospitality groups looking for a restaurant and bar that can host both everyday service and events. The combination of dining areas, private space, and a prepared operations package (equipment and liquor license) is well suited for operators aiming to open, scale, or acquire a venue with immediate functional readiness.
The property is located within the Waterloo Recreation Area and supports a destination-style experience. Indoor dining is complemented by a covered outdoor patio with additional outdoor seating and a smoker station. There is also a private game room/event space, along with landscaped grounds featuring a pond and lounge area. The property offers ample on-site parking, and horse access/parking is available from Waterloo Trail. Utilities include well and septic.
This configuration offers strong fit for owner-operators, investors, or hospitality groups looking for a restaurant and bar that can host both everyday service and events. The combination of dining areas, private space, and a prepared operations package (equipment and liquor license) is well suited for operators aiming to open, scale, or acquire a venue with immediate functional readiness.
Key Highlights
- Fully operational restaurant/bar with included FF&E and a Class C liquor license
- 3,414 SF commercial building plus a 1.09‑acre property with indoor dining and a covered outdoor patio
- Fully equipped commercial kitchen and bar
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
NOI $50,452 @ 7.0% cap · market cap 6.73%
Second Best
Industrial
$527.0K
$461.1K – $614.9K
NOI $36,891 @ 7.0% cap · market cap 4.92%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Fully operational restaurant and bar with commercial kitchen, liquor license, and multiple indoor and outdoor seating areas.
Where is this conventional restaurant located?
The property is located at 12227-12229 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: Fully operational restaurant/bar with included FF&E and a Class C liquor license; 3,414 SF commercial building plus a 1.09‑acre property with indoor dining and a covered outdoor patio; Fully equipped commercial kitchen and bar
