Drive-Through Restaurant
For Sale
$650,000
313 S State St, Sparta, MI 49345
Updated restaurant facility with customer parking, drive-through service, and a position within an active retail corridor.
Property Size2,152 SF
Lot Size0.70 Acres
Price / SF$302.04
Days on Market51
Property Features for 313 S State St
General Information
Standard status
Active
Size
2,152 SF
Total Parking Spaces
25
Lot size
0.70 Acres
Property subtype
Retail
Zoning
GC
Site & Location
Drive-Thru
Yes
Traffic Count
9,520 vehicles/day
Road Access
Yes
Amenities
Drive-Thru
25 Parking Spaces
Building Details
Year Built
2014
Parking Ratio
11.6 per 1,000 SF
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Chandler Kennell · License #6501460922
(616) 575-7006
Source:
Carwm.resimplifi
Added: Aug 27
Changed: Sep 30
Last Checked: Oct 16 at 5:46AM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
This 2,152-square-foot drive-through restaurant occupies approximately 0.70 acres and was constructed in 2014. Improvements were refreshed in 2025, and the property includes 25 dedicated parking spaces along with drive-through service. GC zoning is in place.
The property fronts S State St in Sparta, Michigan, with reported traffic of 9,520 vehicles per day. It is positioned within the area’s main retail corridor, next to Biggby Coffee and near Family Fare Supermarket, placing the restaurant among established commercial uses and neighboring retail activity.
The property fronts S State St in Sparta, Michigan, with reported traffic of 9,520 vehicles per day. It is positioned within the area’s main retail corridor, next to Biggby Coffee and near Family Fare Supermarket, placing the restaurant among established commercial uses and neighboring retail activity.
Key Highlights
- 2,152 SF restaurant on approximately 0.70 acres
- Built in 2014 and refreshed in 2025
- Drive‑through service included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,935
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,700
$478.7K
Cap Rate 7%
$341,929
$341.9K
Cap Rate 9%
$265,944
$265.9K
Market Conditions
NOI Build-Up for 2,152 SF
Gross rent
$33.3K $15.48/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$31.9K $14.83/SF
− OpEx
−$8.0K −$3.71/SF
NOI
$23.9K $11.12/SF
Area
Kent 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 Rate 5%
$478,700
Cap Rate 7%
$341,929
Cap Rate 9%
$265,944
Alternative Uses
Best Use
Specialty Retail
$341.9K
$299.2K – $398.9K
NOI $23,935 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.9K
$336.8K – $449.1K
NOI $26,943 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
9,520 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 49345, MI
13,734
Population
5,074
Households
2.7
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
263
Density / Sq Mi
$84,918
Median Household Income
$44,051
Median Earnings
$968
Median Rent
$261,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Updated restaurant facility with customer parking, drive-through service, and a position within an active retail corridor.
Where is this drive through restaurant located?
The property is located at 313 S State St Sparta, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,152 SF restaurant on approximately 0.70 acres; Built in 2014 and refreshed in 2025; Drive‑through service included
