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    Iconic Restaurant Opportunity in Jackson Title is generated by Realmo AI

    5781 King Road, Jackson, MI 49201

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    Claim this Listing
    For Sale
    $475,000

    COMMERCIAL - Jackson, MI

    Property size:
    1,408 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $337/SF
    Added:
    Nov 19, 2025
    Days on Market:
    177
    Last Refresh:
    May 15 at 4:06 pm

    Property Features for 5781 King Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Parking
    55
    Standard status
    Active
    APN
    000-12-14-126-001-00
    Size
    1,408 SF
    Lot size
    1.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    000-12-14-126-001-00
    Tax Annual Amount
    3477

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water front features
    Pond
    Water front
    1

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    1
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    DEBBIE CROWNOVER

    Listing agent DEBBIE CROWNOVER License #6502123236

    Listing office RE/MAX Mid-Michigan-Brooklyn 131 N Main St, BROOKLYN, MI

    Listing date Nov 19, 2025

    MLS# 25059083

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Established, Profitable Restaurant: Iconic "Wooden Spoon" with 44 years of successful operation, included in sale.
    • Complete Package: Real estate (1.5 acres), business, name/license, and equipment are all included.
    • Convenient Location: Situated in Spring Arbor Township, just off M‑50, with ample parking and easy access.
    • Transition Support: Long‑term owners willing to assist new owners during the transition period.
    • Expansion Potential: Opportunity to continue, expand hours, size, or use of the business.
    • Key Amenities: Includes Serve Safe Certification, public water & sewer, central air, and a pond.

    Overview

    An established restaurant is available for purchase, including the real estate, business, name/license, and equipment. The 1,408 square-foot building, complete with a full basement, is situated on a 1.5-acre lot. The property features ample parking and a circular drive, with a pond located in the back. It has seating and parking for approximately 60 people. The business holds a Serve Safe Certification. Public water and sewer services are available. Fiber optics are upcoming. The property is located just off M-50, east of Spring Arbor. The long-term owners are willing to assist in the transition. The restaurant currently operates Monday through Saturday from 6 AM to 2 PM, and Sunday from 7 AM to noon. There is an opportunity to continue the current operation, expand the hours, increase the size, or change the use. Originally started as an ice cream shop and expanded to breakfast/lunch/dinner, then breakfast/lunch. This is a wonderful business and real estate opportunity.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $148.6K
    NOI $13,378 @ 9.00% cap · cautious / downside scenario
    Moderate
    $191.1K
    NOI $13,378 @ 7.00% cap · market / base-case scenario
    Aggressive
    $267.6K
    NOI $13,378 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $19.4k $13.80
    − Vacancy −$1.6k −$1.13
    EGI $17.8k $12.67
    − OpEx −$4.5k −$3.17
    NOI $13.4k $9.50
    1,408 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $191.1K
    $167.2K – $223.0K (±1% cap)
    NOI $13,378 @ 7.0% cap · market cap 2.82%
    Second Best
    Retail
    $138.7K
    $121.4K – $161.8K (±1% cap)
    NOI $9,710 @ 7.0% cap · market cap 2.04%
    Theoretical Best
    Office A
    $224.8K
    $196.7K – $262.2K (±1% cap)
    NOI $15,734 @ 7.0% cap · market cap 3.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wooden Spoon Restaurant

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Pharmacy Storage Facility Garden Center Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.513705
    Latitude
    42.218914

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    FAQs

    What type of property is this?
    Breakfast & diner - Profitable restaurant with real estate, equipment, and business included.
    Where is this breakfast & diner located?
    The property is located at 5781 King Road Jackson, MI.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Established, Profitable Restaurant: Iconic "Wooden Spoon" with 44 years of successful operation, included in sale.; Complete Package: Real estate (1.5 acres), business, name/license, and equipment are all included.; Convenient Location: Situated in Spring Arbor Township, just off M‑50, with ample parking and easy access.
    (517) 262-3000
    We can help!
    Listing Contact
    DEBBIE CROWNOVER
    Real Estate License ID: 6502123236
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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