Restaurant with Road
For Sale
$350,000
13350 Spring Arbor Rd, Concord, MI 49237
Equipped restaurant with seating, recent building upgrades, and established food-service infrastructure.
Property Size1,618 SF
Lot Size2.00 Acres
Price / SF$216.32
Days on Market83
Property Features for 13350 Spring Arbor Rd
General Information
Standard status
Active
Size
1,618 SF
Lot size
2.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
56
Grease Trap
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1940
Listing Agency:
ERA REARDON REALTY, L.L.C.
Listed By:
PHILLIP M MORGAN · License #6502108104
(517) 204-4385
Source:
Vmrealestatemichigan
Added: Jul 27
Changed: Oct 7
Last Checked: Oct 16 at 9:23AM
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 ERA REARDON REALTY, L.L.C.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Ken's M60 Grill is an existing restaurant property at 13350 Spring Arbor Rd in Concord Village, Michigan. The site encompasses 2 acres and includes a restaurant layout with seating for up to 56 guests. Improvements include a new roof, new sidewalk, exterior lighting, updated electrical service, grease traps, and additional restaurant equipment.
The property fronts M-60 and provides space associated with the existing restaurant operation, including room for parking and outdoor use. Built in 1940, the property offers an established food-service setting with infrastructure already in place for continued restaurant use.
The property fronts M-60 and provides space associated with the existing restaurant operation, including room for parking and outdoor use. Built in 1940, the property offers an established food-service setting with infrastructure already in place for continued restaurant use.
Key Highlights
- 2‑acre restaurant property at 13350 Spring Arbor Rd, Concord Village, MI 49237
- Frontage on M‑60
- Seating capacity for up to 56 guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,373
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,460
$307.5K
Cap Rate 7%
$219,614
$219.6K
Cap Rate 9%
$170,811
$170.8K
Market Conditions
NOI Build-Up for 1,618 SF
Gross rent
$22.3K $13.80/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$20.5K $12.67/SF
− OpEx
−$5.1K −$3.17/SF
NOI
$15.4K $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%
$307,460
Cap Rate 7%
$219,614
Cap Rate 9%
$170,811
Alternative Uses
Best Use
Specialty Retail
$219.6K
$192.2K – $256.2K
NOI $15,373 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.3K
$226.0K – $301.3K
NOI $18,080 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49237, MI
3,027
Population
1,265
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
92%
High-School Grad
41.0 sq mi
ZIP Area
74
Density / Sq Mi
$66,667
Median Household Income
$43,906
Median Earnings
$806
Median Rent
$179,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Equipped restaurant with seating, recent building upgrades, and established food-service infrastructure.
Where is this conventional restaurant located?
The property is located at 13350 Spring Arbor Rd Concord, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2‑acre restaurant property at 13350 Spring Arbor Rd, Concord Village, MI 49237; Frontage on M‑60; Seating capacity for up to 56 guests
