3459 S US Highway 31, Brutus, MI 49716
- Added:
- Mar 30, 2026
- Days on Market:
- 96
- Last Refresh:
- Jul 3 at 7:06 pm
Property Features for 3459 S US Highway 31
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 09-14-22-200-004
- Size
- 8,400 SF
- Lot size
- 4.00 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PT OF NW 1/4 OF SE 1/4 OF SECTION 22, S 1/2 OF N 1/2 OF NW 1/4 OF SE 1/4 OF SD SEC, EXC THEREFROM RR R/O/W. ALSO EXC THEREFROM, COM
- Tax Annual Amount
- 2780
Utilities
- Utilities
- Propane
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1990
- Floors in Building
- 1
- Number of units
- 1
- Roof type
- Composition
Listing agent Christopher Skrobeck (906) 360-4908
Listing office Van Treese Management LLC 525 W Mitchell, Petoskey, MI (231) 373-7921
Listing date Mar 30, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Profitable Restaurant Business: Established restaurant with historical gross revenue.
- Includes a valuable Class C Resort Liquor License.
- Prime Location: Excellent frontage on a busy Northern Michigan highway.
- Turnkey Operation: Sale includes real estate and all restaurant business assets.
- Spacious Building & Grounds: 5,700+ sq ft building on approximately 4 acres with ample parking.
- Versatile Space: Suitable for daily dining, private events, weddings, and corporate functions.
Overview
Local Financial Insights For Specialty Retail
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 | $100.8k | $12.00 |
| − Vacancy | −$6.0k | −$0.72 |
| EGI | $94.8k | $11.28 |
| − OpEx | −$23.7k | −$2.82 |
| NOI | $71.1k | $8.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brutus
- County
- Emmet
- State
- Michigan
- Longitude
- -84.780607
- Latitude
- 45.501209
