Turnkey Restaurant with
W 29 W Lapeer Street Unit SourceFi Peck, MI 48466
W 29 W Lapeer Street Unit SourceFi, Peck, MI, 48466
$279,900
For Sale
$279,900
Turnkey restaurant space includes a fully equipped kitchen, two bar areas, and a second-floor 3–4 bedroom apartment.
Property Size4,700 SF
Price / SF$59.55
Days on Market30
Property Features for W 29 W Lapeer Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 4,700 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 9999
Listing agency
Town & Country Realty-Lexington
(810) 404-3373
Listed by
Angela Wagester · License #6501364122
(810) 404-3373
Source
Xome
Added: Jun 22 Updated: Jul 19 at 2:05AM Checked: Jul 21 at 3:53AM
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 Town & Country Realty-Lexington
Investment Insights
Based on property information with market context.
This for-sale property offers a turnkey setup for restaurant operations, with approximately 3,500 sq ft dedicated to dining and service. The space includes a fully equipped commercial kitchen, two bar areas, and a spacious dining layout designed to support day-to-day service.
A second floor adds residential value, featuring a 3–4 bedroom apartment that can work for owner occupancy or additional rental income. The property is located on W 29 W Lapeer Street in Peck, MI 48466.
If you’re looking for a restaurant-ready configuration with on-site living or supplemental income potential, this layout brings together food service space and a sizable apartment under one roof.
A second floor adds residential value, featuring a 3–4 bedroom apartment that can work for owner occupancy or additional rental income. The property is located on W 29 W Lapeer Street in Peck, MI 48466.
If you’re looking for a restaurant-ready configuration with on-site living or supplemental income potential, this layout brings together food service space and a sizable apartment under one roof.
Key Highlights
- Approximately 3,500 sq ft versatile commercial restaurant space in the heart of Peck
- Fully equipped commercial kitchen included
- Two bar areas for serving and guest use
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $8.04 |
| − Vacancy | −$1.9k | −$0.40 |
| EGI | $35.9k | $7.64 |
| − OpEx | −$10.8k | −$2.29 |
| NOI | $25.1k | $5.35 |
4,700 SF · lease $8.04/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$681.6K
$596.4K – $795.2K
NOI $47,714 @ 7.0% cap · market cap 17.05%
Second Best
Industrial
$359.0K
$314.1K – $418.8K
NOI $25,129 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$998.2K
$873.4K – $1.16M
NOI $69,873 @ 7.0% cap · market cap 24.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant space includes a fully equipped kitchen, two bar areas, and a second-floor 3–4 bedroom apartment.
Where is this conventional restaurant located?
The property is located at W 29 W Lapeer Street Unit SourceFi Peck, MI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Approximately 3,500 sq ft versatile commercial restaurant space in the heart of Peck; Fully equipped commercial kitchen included; Two bar areas for serving and guest use
