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    Restaurant Property and Business Opportunity Title is generated by Realmo AI

    3459 S US Highway 31, Brutus, MI 49716

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    For Sale
    $1,050,000

    COMMERCIAL - Brutus, MI

    Property size:
    8,400 SF
    Lot size:
    4.00 Acres
    Price / SF:
    $125/SF
    Added:
    Mar 30, 2026
    Days on Market:
    47
    Last Refresh:
    May 15 at 6:06 am

    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

    We can help!

    Listing Contact
    Christopher Skrobeck

    Listing agent Christopher Skrobeck

    Listing office Van Treese Management LLC 525 W Mitchell, Petoskey, MI

    Listing date Mar 30, 2026

    MLS# 26013825

    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

    This commercial offering features a restaurant property and business operation in Brutus, Michigan. The sale, offered at $1,050,000, includes approximately 4 acres, a building exceeding 5,700 square feet, and a large parking area. The property benefits from frontage along a busy highway corridor in Northern Michigan. Included in the sale are the real estate and restaurant business assets, such as a Class C Resort Liquor License, kitchen equipment, restaurant furniture, a point-of-sale system, a phone system, back-office equipment, restaurant technology, and beer system equipment. A complete inventory list is available upon request. The building has two levels, a spacious dining area, views overlooking a water feature, and an outdoor deck for seasonal seating. The space is suitable for daily dining service, private events, weddings, and corporate functions. Historical gross revenue under Rusty Saw North was approximately $1.07M in 2024 and $1.15M in 2023.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Kitchen & Bath Showroom Cafe & Coffee Shop Plumbing Service Restaurant Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brutus
    County
    Emmet
    State
    Michigan
    Longitude
    -84.780607
    Latitude
    45.501209

    Nearby Similar for Sale

    • $2,800,000
      37,420 SF

      Thriving Marina on US-31

      Northern Michigan marina with indoor storage and retail space.
      3859 US-31, Brutus, MI 49716
      View Details
    • $2,800,000
      31,540 SF

      Thriving Marina on US-31

      Marina with indoor storage and retail space on 13.9 acres.
      3859 US-31, Brutus, MI 49716
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Well-known restaurant with real estate and business assets for sale.
    Where is this conventional restaurant located?
    The property is located at 3459 S US Highway 31 Brutus, MI.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: 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.
    (906) 360-4908
    We can help!
    Listing Contact
    Christopher Skrobeck
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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