Restaurant Property with Two
5600 Lapeer Road, Kimball, MI 48074
For Sale
New
$900,000
A full-service dining operation and a separate pizza business occupy one building with shared back-of-house systems.
Property Size4,724 SF
Price / SF$190.52
Days on Market4
Property Features for 5600 Lapeer Road
General Information
Standard status
Size
Property subtype
Zoning
Restaurant
Equipment Included
Liquor License
Additional Details
Business Included
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Parker Wright Real Estate Group
Listed By:
Cynthia J Wright
Source:
Homeflexrealty
Added: Nov 10
Last Checked: Nov 13 at 1:18PM
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 Parker Wright Real Estate Group
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Investment Insights
Based on property information with market context.
This 4,724-square-foot restaurant property, built in 1950 and zoned Commercial, contains two food-service operations. The main operation includes a professional kitchen, dining areas, a bar, and a banquet hall. A separate pizza parlor has its own preparation, cooking, and storage areas and is arranged for dine-in, takeout, and delivery. The building also has ADA-compliant restrooms and on-site parking.
The bar operates under a Class C liquor license, with Keno and Lotto available. Any transfer of liquor or gaming licenses is subject to purchase and applicable local and state approvals. The property is on a commercial corridor described as well traveled, with access to major roadways and a short drive from Port Huron’s business, retail, and residential centers.
The bar operates under a Class C liquor license, with Keno and Lotto available. Any transfer of liquor or gaming licenses is subject to purchase and applicable local and state approvals. The property is on a commercial corridor described as well traveled, with access to major roadways and a short drive from Port Huron’s business, retail, and residential centers.
Key Highlights
- 4,724‑square‑foot restaurant property built in 1950
- Two food‑service concepts share one building and back‑of‑house systems
- Separate pizza operation has independent preparation, cooking, and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,429
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,580
$1.3M
Cap Rate 7%
$934,700
$934.7K
Cap Rate 9%
$726,989
$727.0K
Market Conditions
NOI Build-Up for 4,724 SF
Gross rent
$89.6K $18.96/SF
− Vacancy
−$2.3K −$0.49/SF
EGI
$87.2K $18.47/SF
− OpEx
−$21.8K −$4.62/SF
NOI
$65.4K $13.85/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,580
Cap Rate 7%
$934,700
Cap Rate 9%
$726,989
Alternative Uses
Best Use
Specialty Retail
$934.7K
$817.9K – $1.09M
NOI $65,429 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.55M
$3.11M – $4.14M
NOI $248,594 @ 7.0% cap · market cap 27.62%
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
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48074, MI
9,608
Population
3,809
Households
2.5
Avg Household Size
43
Median Age
15%
College-Educated
90%
High-School Grad
37.2 sq mi
ZIP Area
258
Density / Sq Mi
$69,600
Median Household Income
$43,577
Median Earnings
$1,139
Median Rent
$191,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A full-service dining operation and a separate pizza business occupy one building with shared back-of-house systems.
Where is this conventional restaurant located?
The property is located at 5600 Lapeer Road Kimball, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,724‑square‑foot restaurant property built in 1950; Two food‑service concepts share one building and back‑of‑house systems; Separate pizza operation has independent preparation, cooking, and storage areas
