Historic Restaurant with
208 S Cochran Avenue, Charlotte, MI 48813
For Sale
$339,900
Commercial Sale, Charlotte, MI
Property Size1,848 SF
Lot Size0.06 Acres
Price / SF$183.93
Days on Market518
Property Features for 208 S Cochran Avenue
General Information
Property type
Property subtype
Zoning description
Parking features
Basement
Appliances
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Business Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty Lansing
(517) 853-1200
Listed By:
Max A Billinghurst · License MI #6501416838
(269) 339-1431
Added: Jun 11, 2025
Changed: Oct 24
Last Checked: Nov 10 at 5:06PM
MLS# 288830
Copyright © 2026 Greater Lansing Association of Realtors. 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.
Located at 208 S Cochran Avenue in Charlotte, this 1,848-square-foot conventional restaurant occupies a brick building constructed in 1900. The interior includes original ceilings, exposed brick, hardwood flooring, indoor seating, and a full-service bar, while a patio provides additional seating. Kitchen equipment includes a bar fridge, dishwasher, ice maker, oven, range, range hood, refrigerator, and water heater.
The property has central air conditioning and natural-gas forced-air heat, with public water and public sewer service. Parking is available through an on-site lot and on-street spaces. The sale includes the restaurant’s furniture, fixtures, and equipment, along with a Class C liquor license.
The property has central air conditioning and natural-gas forced-air heat, with public water and public sewer service. Parking is available through an on-site lot and on-street spaces. The sale includes the restaurant’s furniture, fixtures, and equipment, along with a Class C liquor license.
Key Highlights
- 1,848‑square‑foot restaurant at 208 S Cochran Avenue, Charlotte, MI 48813
- Brick building constructed in 1900
- Original ceilings, exposed brick, and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,482
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,640
$409.6K
Cap Rate 7%
$292,600
$292.6K
Cap Rate 9%
$227,578
$227.6K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$33.3K $18.00/SF
− Vacancy
−$6.0K −$3.22/SF
EGI
$27.3K $14.78/SF
− OpEx
−$6.8K −$3.69/SF
NOI
$20.5K $11.08/SF
Area
Eaton County, MI
Vacancy
17.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,640
Cap Rate 7%
$292,600
Cap Rate 9%
$227,578
Alternative Uses
Best Use
Specialty Retail
$292.6K
$256.0K – $341.4K
NOI $20,482 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.1K
$306.3K – $408.4K
NOI $24,505 @ 7.0% cap · market cap 7.21%
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
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48813, MI
21,068
Population
8,174
Households
2.6
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
168.1 sq mi
ZIP Area
125
Density / Sq Mi
$77,431
Median Household Income
$41,723
Median Earnings
$870
Median Rent
$178,500
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 - Two-level?
Where is this conventional restaurant located?
The property is located at 208 S Cochran Avenue Charlotte, MI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1,848‑square‑foot restaurant at 208 S Cochran Avenue, Charlotte, MI 48813; Brick building constructed in 1900; Original ceilings, exposed brick, and hardwood flooring
