Building Details

Year Built 19

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

Listed By: Nahed Yousif Show Phone

Source: Xome

Added: Apr 21 Changed: Aug 31 Last Checked: Aug 31 at 12:11AM

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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 restaurant business occupies 1,506 square feet and includes a dedicated office area, kitchen space, and operational equipment. Included items include a pizza oven, meat slicer, freezer, refrigerator, stove, and additional fixtures and inventory. Recent improvements have been completed within the store, and the business includes a liquor license.

The property is positioned on Lakeville Lake at 503 Lakeville Road in Leonard, Michigan. The offering is for the business only, providing an established restaurant operation in a lakeside setting with an existing interior layout and equipment package.

Key Highlights

• 1,506‑square‑foot restaurant business
• Lakeville Lake setting at 503 Lakeville Road
• Liquor license included

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.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

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?

Conventional restaurant - Established restaurant business with a liquor license, dedicated office, and commercial kitchen equipment.

Where is this conventional restaurant located?

The property is located at 503 LAKEVILLE Road Unit SourceFi Leonard, MI.

What is the asking price?

The asking price for this property is $130,000.

What are key features of this property?

This property features: 1,506‑square‑foot restaurant business; Lakeville Lake setting at 503 Lakeville Road; Liquor license included