Building Details

Building Size 1,506 SF

Year Built 1920

Listing Agency: Brookstone, Realtors LLC n***@gmail.com Show Phone

Listed By: Nahed Yousif

Source: Thebrokeragehouse

Added: May 28 Changed: Aug 23 Last Checked: Aug 23 at 7:57AM

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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 Brookstone, Realtors LLC

Investment Insights

Based on property information with market context.

This is a business opportunity to acquire a restaurant located on Lakeville Lake. The restaurant has been operating successfully for three years. Recent improvements have been made, and the inventory has been restocked. The sale includes a liquor license. The restaurant is fully equipped with inventory valued above $100,000, including a pizza oven, meat slicer, freezer, fridge, and stove. An office area is also included. The restaurant's size is 2629 square feet. The business is located at 503 Lakeville Rd, Addison Twp, MI. The restaurant's weekly summer revenue is $16,000, and its weekly winter revenue is $8,000. The lotto brings in $90,000 annually. The kitchen area has a potential weekly revenue of $10,000. The asking price is $170,000 plus $100,000 for inventory. Rent is set to increase in April.

Key Highlights

• Thriving business with a proven 3‑year track record of success.
• Prime lakeside location on picturesque Lakeville Lake.
• Includes a liquor license.

Property Analytics

Property Profile

Current Use

Lakeville Market and Liquor (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Repair Shop Dental Office Restaurant Food Market Wine and Liquor Store Bed & Breakfast

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

42

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48367, MI

4,567

Population

1,652

Households

2.8

Avg Household Size

46

Median Age

38%

College-Educated

94%

High-School Grad

23.4 sq mi

ZIP Area

195

Density / Sq Mi

$104,000

Median Household Income

$42,241

Median Earnings

$1,133

Median Rent

$386,500

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?

Restaurant - Profitable restaurant business with liquor license on Lakeville Lake.

Where is this restaurant located?

The property is located at 503 Lakeville Road Leonard, MI.

What is the asking price?

The asking price for this property is $170,000.

What are key features of this property?

This property features: Thriving business with a proven 3‑year track record of success.; Prime lakeside location on picturesque Lakeville Lake.; Includes a liquor license.