Restaurant Building with Updated
13350 Spring Arbor Road, Concord, MI 49237
For Sale
New
$350,000
Recent improvements include a replacement roof, exterior lighting, and updated electrical systems.
Property Size1,618 SF
Lot Size2.00 Acres
Price / SF$216.32
Days on Market3
Property Features for 13350 Spring Arbor Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Restaurant
Seating Capacity
Grease Trap
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN · License MI #6502108104
(517) 204-4385
Source:
Homeflexrealty
Added: Nov 11
Last Checked: Nov 13 at 2:53PM
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.
A restaurant property built in 1940, with indoor seating for 56 guests and an established food-service layout. Improvements include a new roof, sidewalk work, exterior lighting, electrical updates, grease traps, and restaurant equipment. The site encompasses 2 acres and fronts M-60 in Concord, Michigan.
M-60 carries 6,312 annual average daily traffic. The property is also near the Falling Waters Trail.
M-60 carries 6,312 annual average daily traffic. The property is also near the Falling Waters Trail.
Key Highlights
- 2‑acre restaurant property with seating for 56 guests
- M‑60 frontage; 6,312 annual average daily traffic
- Built in 1940
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
6,312 VPD
Traffic count
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
$179,300
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Jackson County, MI
Properties on Market for Conventional restaurants in Jackson County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Recent improvements include a replacement roof, exterior lighting, and updated electrical systems.
Where is this conventional restaurant located?
The property is located at 13350 Spring Arbor Road 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 with seating for 56 guests; M‑60 frontage; 6,312 annual average daily traffic; Built in 1940
