Updated Restaurant & Bar For
For Sale
$799,900
2280 S Reese Rd, Reese, MI 48757
Turnkey restaurant and bar with outdoor event space.
Property Size3,330 SF
Lot Size1.81 Acres
Days on Market266
Property Features for 2280 S Reese Rd
General Information
Standard status
Active
Size
3,330 SF
Lot size
1.81 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,154
Building Details
Building Size
3,330 SF
Listing Agency:
RE/MAX Platinum
(810) 344-3363
Listed By:
Scott Myers · License #620395235
(810) 344-3363
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 14
Last Checked: Aug 20 at 9:42AM
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 RE/MAX Platinum
Investment Insights
Based on property information with market context.
This is a completely updated and high-producing restaurant and bar located in Reese, MI. Situated on a 1.89-acre lot next to County Line Golf Course, the turnkey property includes a large covered deck overlooking the golf course and driving range. The property has seating for approximately 140 guests. The lower level was previously used as an additional bar and dining area. Recent updates within the last five years include a new furnace, roof, carpeting, 48kW natural gas standby generator, bathrooms, siding, windows, blinds, AC units, kitchen and dining area, faux tin ceiling, sidewalks, landscaping, deep fryers, CO2 nitrogen pop/draft system, cooktops, char griller, POS system, modems, waitress station, flagpole, Wi-Fi thermostats, and security system. The outdoor space is suitable for weddings, graduations, and events.
Key Highlights
- Turnkey restaurant and bar with extensive recent updates including new furnace, roof, kitchen, dining area, and more.
- Located next to County Line Golf Course on a 1.89‑acre lot with a large covered deck overlooking the golf course and driving range.
- High‑producing business opportunity ready for new ownership.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,038
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$740,760
$740.8K
Cap Rate 7%
$529,114
$529.1K
Cap Rate 9%
$411,533
$411.5K
Market Conditions
NOI Build-Up for 3,330 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.5K $15.48/SF
− Vacancy
−$2.2K −$0.65/SF
EGI
$49.4K $14.83/SF
− OpEx
−$12.3K −$3.71/SF
NOI
$37.0K $11.12/SF
Area
Tuscola 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$740,760
Cap Rate 7%
$529,114
Cap Rate 9%
$411,533
Alternative Uses
Best Use
Specialty Retail
$529.1K
$463.0K – $617.3K
NOI $37,038 @ 7.0% cap · market cap 4.63%
Second Best
Retail
$493.8K
$432.1K – $576.1K
NOI $34,568 @ 7.0% cap · market cap 4.32%
Theoretical Best
Multifamily LT 5
$2.41M
$2.11M – $2.82M
NOI $169,041 @ 7.0% cap · market cap 21.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48757, MI
3,511
Population
1,687
Households
2.1
Avg Household Size
46
Median Age
25%
College-Educated
97%
High-School Grad
55.2 sq mi
ZIP Area
64
Density / Sq Mi
$74,464
Median Household Income
$41,513
Median Earnings
$909
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Track Side — 9714 Saginaw St, Reese, MI 48757
- Dunn Hardware & Supply — 2023 Gates St, Reese, MI 48757
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey restaurant and bar with outdoor event space.
Where is this bar & pub located?
The property is located at 2280 S Reese Rd Reese, MI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Turnkey restaurant and bar with extensive recent updates including new furnace, roof, kitchen, dining area, and more.; Located next to County Line Golf Course on a 1.89‑acre lot with a large covered deck overlooking the golf course and driving range.; High‑producing business opportunity ready for new ownership.
