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    Turnkey Restaurant and Bar Title is generated by Realmo AI

    69213 M-62, Edwardsburg, MI 49112

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    Claim this Listing
    For Sale
    Under Contract
    $700,000

    COMMERCIAL - Edwardsburg, MI

    Property size:
    2,484 SF
    Lot size:
    0.87 Acres
    Price / SF:
    $281/SF
    Added:
    Nov 1, 2025
    Days on Market:
    218
    Last Refresh:
    Jun 6 at 10:06 am

    Property Features for 69213 M-62

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Interior features
    Broadband
    Standard status
    Active Under Contract
    APN
    14-091-108-045-00 AND 14-091-108-044-00
    Size
    2,484 SF
    Lot size
    0.87 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Long legal on file
    Tax Annual Amount
    5218

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    3

    We can help!

    Listing Contact
    Heidi Gaskill
    Heidi Gaskill

    Listing agent Heidi Gaskill License #RB15001192

    Listing office Berkshire Hathaway HomeServices Michigan Real Estate 68827 M-62 S, Edwardsburg, MI

    Listing date Nov 1, 2025

    MLS# 25056145

    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

    • Turnkey restaurant and bar with Class C liquor license transferable to new owner.
    • Includes two additional income‑producing properties on a second parcel.
    • Fully equipped commercial kitchen featuring all necessary appliances and Ansul fire‑suppression system.
    • High‑visibility location on M‑62 with 240 feet of frontage and steady traffic.
    • Sale includes building, furniture, equipment, lottery machines, ATM, and security system.
    • Conveniently located near South Bend, Notre Dame, Granger, and Elkhart.

    Overview

    This for-sale, turnkey restaurant and bar is housed in an included building and ready for immediate operation. The dining area seats approximately 90 patrons, and the sale includes furniture, equipment, lottery machines, an ATM, and a security system. A fully equipped commercial kitchen is in place with refrigerators, freezers, fryers, griddles, and an Ansul fire-suppression system. The property also includes a Class C liquor license that is transferable to the new owner, along with city water and sewer service.

    The property offers 240 feet of frontage on M-62, supporting strong visual exposure to passing traffic. The listing is located in Edwardsburg, Cass County, MI, and positioned near South Bend, Notre Dame, Granger, and Elkhart.

    For operators or buyers looking for a complete food-and-beverage platform, the combination of seating capacity, established bar/restaurant setup, and an included, stocked operational package is built around day-one functionality. The sale also includes two additional income-producing properties on the second parcel, providing added real estate holdings alongside the restaurant and bar building.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Map

    City
    Edwardsburg
    County
    Cass
    State
    Michigan
    Longitude
    -86.082784
    Latitude
    41.793225

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    FAQs

    What type of property is this?
    Bar & Pub - Turnkey restaurant and bar with commercial kitchen, liquor license transfer, and prominent M-62 frontage.
    Where is this bar & pub located?
    The property is located at 69213 M-62 Edwardsburg, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Turnkey restaurant and bar with Class C liquor license transferable to new owner.; Includes two additional income‑producing properties on a second parcel.; Fully equipped commercial kitchen featuring all necessary appliances and Ansul fire‑suppression system.
    (574) 596-7478
    We can help!
    Listing Contact
    Heidi Gaskill
    Heidi Gaskill
    Real Estate License ID: RB15001192
    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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