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    18089 State St Vandalia, MI 49095

    Sponsored
    For Sale
    $295,000

    Turnkey Restaurant, 6,587 SF, $295,000

    Property size:
    6,587 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Vandalia, Michigan presents a lucrative business opportunity. The 6,587 square-foot building, constructed in 1955, boasts a long-standing restaurant with a bar and dining area accommodating over 150 patrons. A dedicated banquet room is perfect for special events like weddings and parties. The nearly one-acre lot provides ample parking for numerous vehicles, complemented by an outdoor deck, patio, and bandstand for al fresco dining and entertainment. The sale includes all equipment, fixtures, and inventory, offering a true turnkey operation. Adding to the investment potential is an upstairs apartment, generating rental income. The property's strategic location on busy M-60, near several popular lakes (Diamond, Donnell, Birch, Shavehead, and others), and proximity to new businesses in Cassopolis creating hundreds of jobs, ensures high visibility and a strong customer base. This presents a tremendous opportunity for an aspiring entrepreneur to acquire an established, profitable business with significant growth potential. The building is a two-story structure with one building. The price per square foot is $44.79. The property includes refrigerated/cold storage facilities.

    Property Features for 18089 State St

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    6,587 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional mixed‑use property in Vandalia, MI, totaling 6,587 square feet.
    • Established restaurant with bar, dining area (150+ capacity), banquet room, and outdoor amenities (deck, patio, bandstand).
    • Nearly one‑acre lot with ample parking.
    • Turnkey operation; includes all equipment, fixtures, and inventory.
    • Upstairs apartment generates rental income.
    • High‑visibility location on M‑60, near lakes and new Cassopolis businesses; $44.79/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sherry Lee's Bar ... Bar & Grill

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Gym & Fitness Kitchen & Bath Bar & Pub Home Appliance Store Convenience Store Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vandalia
    County
    Cass
    State
    Michigan
    Longitude
    -85.9161195
    Latitude
    41.9183048

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    Nearby Similar for Sale

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      Vandalia Home with Many Extras

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Turnkey Restaurant, 6,587 SF, $295,000
    Where is this refrigerated / cold storage located?
    The property is located at 18089 State St Vandalia, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Exceptional mixed-use property in Vandalia, MI, totaling 6,587 square feet.; Established restaurant with bar, dining area (150+ capacity), banquet room, and outdoor amenities (deck, patio, bandstand).; Nearly one-acre lot with ample parking.
    Request Owner's contact information
    18089 State St Vandalia, MI 49095
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    Vandalia, MI 49095
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    Realmo Value Estimation

    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.

    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.

    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
    18089 State St Vandalia, MI 49095
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