Drive-Through Restaurant
New
For Sale
$459,000
376 N 3rd Avenue, Fruitport, MI 49415
The single-level building has multiple bathrooms, city water and sewer, and an established drive-through configuration.
Property Size2,184 SF
Price / SF$210.16
Days on Market4
Property Features for 376 N 3rd Avenue
General Information
Standard status
Active
Size
2,184 SF
Total Parking Spaces
34
Property subtype
Commercial
Zoning
V-B
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,625
Building Details
Building Size
2,184 SF
Year Built
1975
Buildings
1
Stories
2184
Units
1
Listed By:
Ken Ferrier · License #6502125983
(231) 571-5623
Source:
Homeflexrealty
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:32AM
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 Ken Ferrier
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,184-square-foot restaurant building was constructed in 1975 and has a single-level layout with multiple bathrooms. City water and sewer serve the property, and the exterior received a new coat of paint in 2025. Zoned V-B, the building is configured for drive-through restaurant use.
Located at 376 N 3rd Avenue in Fruitport, Michigan, the property has a history of drive-through use. The seller would also consider leasing the property.
Located at 376 N 3rd Avenue in Fruitport, Michigan, the property has a history of drive-through use. The seller would also consider leasing the property.
Key Highlights
- 2,184‑square‑foot restaurant building
- Single‑level layout with multiple bathrooms
- City water and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,291
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,820
$485.8K
Cap Rate 7%
$347,014
$347.0K
Cap Rate 9%
$269,900
$269.9K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$33.8K $15.48/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$32.4K $14.83/SF
− OpEx
−$8.1K −$3.71/SF
NOI
$24.3K $11.12/SF
Area
Muskegon 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%
$485,820
Cap Rate 7%
$347,014
Cap Rate 9%
$269,900
Alternative Uses
Best Use
Specialty Retail
$347.0K
$303.6K – $404.9K
NOI $24,291 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$20.51M
$17.95M – $23.93M
NOI $1,435,701 @ 7.0% cap · market cap 312.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 24%
Home Improvements & Furnishings 13%
Wesco
Shops & Services
28,795 visits/mo
0.3 miles
McDonald's
Dining
17,776 visits/mo
0.1 miles
Wesco
Shops & Services
11,337 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
11,254 visits/mo
0.2 miles
Dollar General
Shops & Services
7,773 visits/mo
0.3 miles
Demographics for 49415, MI
6,618
Population
2,566
Households
2.6
Avg Household Size
43
Median Age
23%
College-Educated
94%
High-School Grad
27.6 sq mi
ZIP Area
240
Density / Sq Mi
$77,140
Median Household Income
$40,776
Median Earnings
$1,113
Median Rent
$230,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The single-level building has multiple bathrooms, city water and sewer, and an established drive-through configuration.
Where is this drive through restaurant located?
The property is located at 376 N 3rd Avenue Fruitport, MI.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 2,184‑square‑foot restaurant building; Single‑level layout with multiple bathrooms; City water and sewer
