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Waterfront Restaurant Opportunity in Columbiaville
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4586 Water St, Columbiaville, MI 48421

Three waterfront lots with a fully functional restaurant building.

Property Size2,250 SF
Price / SF$111.07
Days on Market188

Property Features for 4586 Water St

General Information

Standard status Active
Size 2,250 SF
Property subtype Retail
Zoning COMMERC
Listing Agency: Exp Realty
Listed By: MARK Z · License #MI 369338
Source: Crexi
Added: Feb 13 Changed: Aug 8 Last Checked: Jul 23 at 6:06AM

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 Exp Realty

Investment Insights

Based on property information with market context.

This is a rare opportunity to own three waterfront lots located where the Holloway Reservoir meets the Flint River, in Columbiaville. The parcels are being sold together, offering a unique setting with water frontage and flexibility for future use. Currently, the property operates as a family-owned restaurant, featuring a well-maintained building with indoor seating, an outdoor patio area, and a fully built-out commercial kitchen. Recent upgrades include a new flat roof (Jan 2025, $74K), steel siding (2023), brick front (2023), and new flooring (2019). It also features a new commercial on-demand water heater, ice machine, and dishwasher. Equipment is negotiable. With three lots on the water, this location and building are suited for most any business, or could be the perfect site to build a dream home on the water. Positioned at the trailhead of the popular Southern Links Trailway, the property offers strong visibility and a one-of-a-kind waterfront setting. The property size is 2250 square feet.

Key Highlights

  • Three waterfront lots on Holloway Reservoir at the Flint River.
  • Currently a fully functional restaurant with indoor/outdoor seating and a commercial kitchen.
  • Recent upgrades including a new roof (Jan 2025), steel siding, brick front, and flooring.

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Carpet & Flooring Store Catering Service Hair Salon Dental Office HVAC Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

88
Businesses Nearby
Balanced
Demand for This Use

Demographics for 48421, MI

6,656
Population
2,987
Households
2.2
Avg Household Size
45
Median Age
20%
College-Educated
94%
High-School Grad
41.5 sq mi
ZIP Area
160
Density / Sq Mi
$69,597
Median Household Income
$38,368
Median Earnings
$698
Median Rent
$208,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Three waterfront lots with a fully functional restaurant building.
Where is this conventional restaurant located?
The property is located at 4586 Water St Columbiaville, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three waterfront lots on Holloway Reservoir at the Flint River.; Currently a fully functional restaurant with indoor/outdoor seating and a commercial kitchen.; Recent upgrades including a new roof (Jan 2025), steel siding, brick front, and flooring.
More about this property
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