Turn-Key Restaurant and Catering
3366 M-40 Highway, Hamilton, MI 49419
For Sale
$3,950,000
Established restaurant and catering business with fixtures, equipment, and liquor license.
Property Size10,794 SF
Lot Size2.40 Acres
Price / SF$365.94
Days on Market288
Property Features for 3366 M-40 Highway
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Signature Associates
Listed By:
Joe Rizqallah
(616) 822-6310
Source:
Tcnworldwide
Added: Jan 27
Changed: Nov 10
Last Checked: Nov 10 at 7:41AM
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 Signature Associates
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Investment Insights
Based on property information with market context.
This turn-key restaurant and catering hall, offered for sale for the first time, presents a unique opportunity to acquire a business with over 40 years of operation. The property spans 10,794 square feet and is situated on over 2.4 acres. The sale includes all fixtures, furniture, and equipment necessary for continued operation, along with an established clientele for events. The facility features a full kitchen and bar, complemented by a Class C Liquor license. The restaurant provides seating for 120 patrons, while Banquet Hall #1 accommodates 200 guests, and Banquet Hall #2 seats 70. Training is available to the new owner. The sale is subject to the seller's verification of the potential buyer's financials and experience.
Key Highlights
- Turn‑key restaurant/catering hall with 40+ years of established business and clientele.
- Includes all fixtures, furniture, and equipment.
- Features a full kitchen and bar with a Class C Liquor license.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,055
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,401,100
$2.4M
Cap Rate 7%
$1,715,071
$1.7M
Cap Rate 9%
$1,333,944
$1.3M
Market Conditions
NOI Build-Up for 10,794 SF
Gross rent
$167.1K $15.48/SF
− Vacancy
−$7.0K −$0.65/SF
EGI
$160.1K $14.83/SF
− OpEx
−$40.0K −$3.71/SF
NOI
$120.1K $11.12/SF
Area
Allegan 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%
$2,401,100
Cap Rate 7%
$1,715,071
Cap Rate 9%
$1,333,944
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.50M – $2.00M
NOI $120,055 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,994 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49419, MI
8,720
Population
2,983
Households
2.9
Avg Household Size
37
Median Age
26%
College-Educated
96%
High-School Grad
73.2 sq mi
ZIP Area
119
Density / Sq Mi
$92,708
Median Household Income
$51,644
Median Earnings
$301,800
Median Home Value
Market
Average Price Trend$/SF for Restaurants in Allegan County, MI
Properties on Market for Restaurants in Allegan County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Restaurant - Established restaurant and catering business with fixtures, equipment, and liquor license.
Where is this restaurant located?
The property is located at 3366 M-40 Highway Hamilton, MI.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Turn‑key restaurant/catering hall with 40+ years of established business and clientele.; Includes all fixtures, furniture, and equipment.; Features a full kitchen and bar with a Class C Liquor license.
