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    Turnkey Restaurant Opportunity in Mohawk Title is generated by Realmo AI

    80 Mohawk, Mohawk, MI 49950

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    For Sale
    $319,000

    Commercial/Industrial - Mohawk, MI

    Property size:
    1,560 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $204/SF
    Added:
    May 13, 2026
    Days on Market:
    7
    Last Refresh:
    May 19 at 11:06 am

    Property Features for 80 Mohawk

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot
    Interior features
    Bath, Cafe/Kitchen, Delivery Door, Drive-In, Fixtures, Private Restrooms, Public Restrooms
    Standard status
    Active
    APN
    42-101-43-013-001
    Size
    1,560 SF
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3655

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1973
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    ELISE CROSSMAN
    ELISE CROSSMAN

    Listing agent ELISE CROSSMAN License #6501447578

    Listing office SELECT REALTY 2363 US41 W, Marquette, MI

    Listing date May 13, 2026

    MLS# 50207404 Listing URL

    Copyright © 2026 Upper Peninsula Association of Realtors. 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 business and real estate opportunity, including all fixtures, equipment, inventory, and exclusive recipes.
    • Established restaurant with a loyal customer base and excellent visibility on US‑41 in a high‑traffic tourist area (Keweenaw Peninsula).
    • Diverse menu featuring homemade recipes, including broasted chicken, pizzas, ice cream, and a specialty coffee bar, with dine‑in, takeout, and drive‑thru options.
    • Recently remodeled and updated building with new indoor seating and a resurfaced parking lot.
    • Unique property featuring a historic 1902 York Safe Company vault door and rare glass‑back safe, creating a distinctive atmosphere.
    • Large corner lot with ample parking and adjacent to a popular township park.

    Overview

    Located in the heart of Michigan’s Keweenaw Peninsula, this turnkey restaurant opportunity is situated directly on US-41 in Mohawk. The restaurant features dine-in or takeout options, along with a convenient drive-thru. Known for its homemade recipes, the restaurant offers broasted chicken, specialty pizzas, chili, reuben's, gyros, soft serve ice cream, 24 flavors of hand-dipped ice cream in homemade waffle cones, and a specialty coffee bar. The property, originally built as a bank, includes an original 1902 York Safe Company vault door and a rare glass-back safe. The business and building have been remodeled and updated, including new indoor seating, an added public restroom, and improvements designed to support year-round operation. The parking lot is scheduled to be resurfaced in 2025. The large corner lot provides ample parking and is adjacent to a popular township park. The sale includes the real estate commercial building, the business, all fixtures and equipment, inventory, and exclusive recipes. The property size is 1560 square feet on a 0.51-acre lot. Square footage is to be verified by the buyer. This is a true turnkey opportunity for entrepreneurs, families, or investors seeking a lifestyle business in a premier Upper Peninsula tourist destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Superior National Bank ... Atm Sundae in the Park Restaurant

    Suggested Use

    Building Supply Big Box & Wholesale Store Hotel & Motel Storage Facility Food Market Grocery & Convenience Store Furniture & Home Goods Accounting Firm Restaurant Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Mohawk
    County
    Keweenaw
    State
    Michigan
    Longitude
    -88.363803
    Latitude
    47.304305

    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant with loyal customer base in Michigan's Keweenaw Peninsula.
    Where is this restaurant located?
    The property is located at 80 Mohawk Mohawk, MI.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: Turnkey restaurant business and real estate opportunity, including all fixtures, equipment, inventory, and exclusive recipes.; Established restaurant with a loyal customer base and excellent visibility on US‑41 in a high‑traffic tourist area (Keweenaw Peninsula).; Diverse menu featuring homemade recipes, including broasted chicken, pizzas, ice cream, and a specialty coffee bar, with dine‑in, takeout, and drive‑thru options.
    (269) 967-7892
    We can help!
    Listing Contact
    ELISE CROSSMAN
    ELISE CROSSMAN
    Real Estate License ID: 6501447578
    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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