Building Details

Building Size 4,648 SF

Listing Agency: Thomas A. Duke Company

Listed By: Steven R. Valli · License #6501291516 Show Phone

Source: Cpix.resimplifi

Added: Feb 18 Changed: Oct 10 Last Checked: Oct 14 at 7:44PM

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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 Thomas A. Duke Company

Investment Insights

Based on property information with market context.

This brewery portfolio combines a main-level restaurant and taproom with upper-floor residential space and a basement area. The restaurant and taproom contain 2,324 SF, while four apartments are located above. Furniture, fixtures, and brewing equipment convey with the sale, along with an outdoor patio. The property is identified as B-2-C zoning.

The portfolio also includes a separate 6,000 SF brewing facility at 105 E. Russell Road. Together, the Tecumseh property and Russell Road facility provide distinct spaces for customer-facing operations, residential occupancy, and brewing production. The main property is located at 128 W Chicago Blvd in downtown Tecumseh, Michigan.

Key Highlights

• 2,324 SF restaurant and taproom on the main level
• Four apartments positioned above the restaurant and taproom
• 2,342 SF basement area included with the main property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,697

Cap Rate

5.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,033,940 $1.0M

Cap Rate 7%

$738,529 $738.5K

Cap Rate 9%

$574,411 $574.4K

Market Conditions

NOI Build-Up for 4,648 SF

Gross rent

$72.0K $15.48/SF

− Vacancy

−$3.0K −$0.65/SF

EGI

$68.9K $14.83/SF

− OpEx

−$17.2K −$3.71/SF

NOI

$51.7K $11.12/SF

Area

Lenawee County, MI

Vacancy

4.20%

Lease Rate

$15.48 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,033,940

Cap Rate 7%

$738,529

Cap Rate 9%

$574,411

Alternative Uses

Best Use

Multifamily LT 5

$57.67M

$50.46M – $67.28M (±1% cap)

NOI $4,036,698 @ 7.0% cap · market cap 438.77%

Second Best

Apartment 5plus

$51.34M

$44.92M – $59.90M (±1% cap)

NOI $3,593,799 @ 7.0% cap · market cap 390.63%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Anthro Apothecary (Bike/Boat/Book/etc) Store Sweetie Pants Children's ... Clothing Store Tecumseh Brewing Company Bar & Pub

Suggested Use

Top Pick Grocery & Convenience Store HVAC Service Barber Shop (Bike/Boat/Book/etc) Store Carpet & Flooring Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

572

Businesses Nearby

Explore this area Business Placement

Demographics for 49286, MI

14,991

Population

6,144

Households

2.4

Avg Household Size

45

Median Age

27%

College-Educated

95%

High-School Grad

58.2 sq mi

ZIP Area

258

Density / Sq Mi

$73,054

Median Household Income

$37,480

Median Earnings

$954

Median Rent

$221,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this breweries located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Brewery - Full-service brewing, dining, and residential components are combined with a separate production facility and included operating equipment.

Where is this brewery located?

The property is located at 128 W Chicago Blvd Tecumseh, MI.

What is the asking price?

The asking price for this property is $920,000.

What are key features of this property?

This property features: 2,324 SF restaurant and taproom on the main level; Four apartments positioned above the restaurant and taproom; 2,342 SF basement area included with the main property