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    Turn-Key Restaurant and Event Venue Title is generated by Realmo AI

    7033 S Sheridan Road, Sheridan, MI 48884

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    Claim this Listing
    For Sale
    $649,000

    COMMERCIAL - Sheridan, MI

    Property size:
    6,912 SF
    Lot size:
    3.70 Acres
    Price / SF:
    $93/SF
    Added:
    Jun 28, 2025
    Days on Market:
    329
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 7033 S Sheridan Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking
    60
    Interior features
    Broadband
    Standard status
    Active
    APN
    59-003-007-007-10
    Size
    6,912 SF
    Lot size
    3.70 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    DIST:003 CITY/MUNI/TWP:BUSHNELL TWP SEC/TWN/RNG/MER:SEC 07 TWN 09N RNG 06W 1118-429 PART OF NW 1/4 OF NW 1/4 DES AS BEG
    Tax Annual Amount
    6610

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    1
    Building materials
    Metal Siding

    We can help!

    Listing Contact
    Darin K Elliott
    Darin K Elliott

    Listing agent Darin K Elliott

    Listing office Greenridge Realty (Ionia) 2031 S State Rd, Suite C, Grand Rapids, MI

    Listing date Jun 28, 2025

    MLS# 25031557

    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

    • Turn‑key restaurant and event center business including real estate, equipment, inventory, and a Class C Beer/Liquor license.
    • Remodeled ~5,000 sq ft banquet/dining/bar area with capacity for 200 guests, plus updated kitchen and bathrooms.
    • Exterior gathering spaces include covered front patio, rear patio, and a 40x40 stamped concrete pad with commercial tent.
    • High‑traffic corner lot location on nearly 4 acres along M66, providing easy access to Greenville/Ionia and Grand Rapids/Lansing.
    • Recent upgrades include new HVAC, foam insulation, updated electrical/plumbing, rebuilt walk‑in cooler, and a 6‑figure electronic sign.
    • Includes two steel pole barns (40x40 and 24x24) for ample storage, plus 6" well and new oversized septic system.

    Overview

    The Timbers Event Center & Restaurant is a remodeled commercial property featuring a nearly 5,000 square foot banquet, dining, and bar area with a capacity of up to 200 guests. The building has been completely remodeled, including floor and wall coverings, a kitchen with new equipment, his/her and family bathrooms, and new fixtures throughout. Additional upgrades include new HVAC for the north side, foam insulation, and updated electrical and plumbing. The interior features wood rock, and the exterior has Colorado TruLog metal siding over a brick base. Exterior gathering spaces include a covered front patio and a rear patio area, plus a 40x40 stamped concrete pad with a commercial tent. The sale includes the real estate, business, all equipment, and inventory. A rebuilt walk-in cooler, high-speed fiber internet, a full water filtration/RO system, a commercial smoker, a new electronic sign, and a full Class C beer/liquor license are among the amenities. Two steel pole barns, measuring 40x40 and 24x24, provide storage. The property has a 6" well and a new oversized septic system. Situated on a nearly 4-acre corner lot along the high-traffic M66 corridor, the location is a few minutes from Greenville/Ionia and 40-50 minutes from Grand Rapids or Lansing. The property is currently operating as a restaurant and venue and is open Wednesday 7:30 AM-3 PM, Thursday through Saturday 7:30 AM-8 PM, and Sunday 7:30 AM-3 PM.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Timbers Event Center Restaurant

    Suggested Use

    Storage Facility Grocery & Convenience Store Veterinary Clinic Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Montcalm
    State
    Michigan
    Longitude
    -85.07299
    Latitude
    43.192181

    FAQs

    What type of property is this?
    Conventional restaurant - Fully remodeled restaurant and event venue on nearly 4 acres.
    Where is this conventional restaurant located?
    The property is located at 7033 S Sheridan Road Sheridan, MI.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Turn‑key restaurant and event center business including real estate, equipment, inventory, and a Class C Beer/Liquor license.; Remodeled ~5,000 sq ft banquet/dining/bar area with capacity for 200 guests, plus updated kitchen and bathrooms.; Exterior gathering spaces include covered front patio, rear patio, and a **40x40 stamped concrete pad with commercial tent.**
    (616) 902-2235
    We can help!
    Listing Contact
    Darin K Elliott
    Darin K Elliott
    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.

    More about this property
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