Restaurant with M-60
For Sale
$350,000
13350 Spring Arbor Road, Concord, MI 49237
Commercial Sale, Concord, MI
Property Size1,618 SF
Lot Size2.00 Acres
Price / SF$216.32
Days on Market68
Property Features for 13350 Spring Arbor Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
HIGHCOM
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Interior features
Broadband
Elementary school district
Concord
Middle school district
Concord
High school district
Concord
Standard status
Active
APN
002-11-28-426-002-00
Size
1,618 SF
Lot size
2.00 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT SE COR OF SEC 28 TH W ALG THE S LN OF SD SEC TO CEN OF HWY M-60 TH NELY ALG CEN OF SD HWY 548 FT TO A PT WH IS TH
Tax Annual Amount
4645
Legal Description
BEG AT SE COR OF SEC 28 TH W ALG THE S LN OF SD SEC TO CEN OF HWY M-60 TH NELY ALG CEN OF SD HWY 548 FT TO A PT WH IS TH
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1940
Floors in Building
1
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN · License #6502108104
(517) 204-4385
Added: Aug 24
Changed: Oct 30
Last Checked: Oct 30 at 2:06PM
MLS# 26044767
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,618-square-foot restaurant property occupies 2 acres and was built in 1940. The dining area accommodates 56 guests. Site improvements include a replacement roof, updated electrical service, new sidewalk and exterior lighting, along with grease traps and restaurant equipment. The building has vinyl siding, a composition roof, forced-air heat and central air conditioning.
The property fronts M-60, where the stated annual average daily traffic is 6,312. It is also near the Falling Waters Trail and is located in Concord, Michigan.
The property fronts M-60, where the stated annual average daily traffic is 6,312. It is also near the Falling Waters Trail and is located in Concord, Michigan.
Key Highlights
- 2‑acre restaurant property with M‑60 frontage
- 1,618‑square‑foot building constructed in 1940
- Dining capacity for 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
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The dining room seats 56, with restaurant equipment and grease traps already in place.
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 M‑60 frontage; 1,618‑square‑foot building constructed in 1940; Dining capacity for 56 guests
