Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1335 Center St Ithaca, MI 48847

    For Sale
    $1,000,000

    Established Restaurant, High Visibility, US-127 Access

    Property size:
    3,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 1335 E Center St in Ithaca, Michigan, presents a unique investment opportunity. The 3,350 square foot building, constructed in 1998, is currently operating as a restaurant but offers significant redevelopment potential. Situated on a 1.97-acre lot with ample parking (51 spaces), the property boasts excellent visibility and accessibility from US-127, specifically at the Business-127 exit. The C-2 General Commercial zoning allows for a variety of uses, making it ideal for a new restaurant concept, or conversion into a single or multi-tenant retail development. The asking price is $1,000,000, translating to $298.51 per square foot. The property's APN is 52-060-304-00. This prime location in Gratiot County (zip code 48847) offers high traffic counts and strong potential for future growth. Land contract terms are available for qualified buyers. This is a rare opportunity to acquire a well-positioned commercial property with significant upside potential in a thriving Michigan community. The property's class is C.

    Property Features for 1335 Center St

    General Information

    Property type
    Restaurants
    Square Feet
    3,350 SF
    Class
    C
    Lot Size
    85,813 SF

    Building Details

    Year Built
    1998

    HighLights

    • Established restaurant with redevelopment potential for new retail concepts.
    • High visibility location at US‑127 exit onto Business‑127.
    • Land contract financing options available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Great Lakes Family ... Family Restaurant Bon's Burgers Hamburger Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.5840768
    Latitude
    43.2920648

    Nearby Similar for Sale

    • $130,000
      952 SF

      Versatile Commercial Building on Corner Lot

      High-visibility commercial building with drive-thru potential on 0.15 acres.
      725 Center St E, Ithaca, MI 48847
      View Details
    • $645,000
      36,614 SF

      Versatile Industrial Building in Ithaca

      36,614 SF building with office space and drive-in doors.
      212 South Pine River St, Ithaca, MI 48847
      View Details
    • $1,000,000
      3,350 SF

      Operating Restaurant Building For Sale

      3,350 SF operating restaurant with redevelopment potential in Ithaca, MI.
      1335 E Center St, Ithaca, MI 48847
      View Details
    • $2,500,000
      5,500 SF

      Steel Art Studio and Retail

      Thriving artisan enterprise with retail destination in Ithaca, Michigan.
      5348 S Bagley Rd, Ithaca, MI 48847
      View Details
    • $214,900
      5,198 SF

      Ithaca Industrial Multi-Use Building

      High-income potential, versatile space.
      142 Center St, Ithaca, MI 48847
      View Details
    • $150,000
      1,890 SF

      Ithaca Industrial Corner Lot

      High-visibility, 1890 sq ft industrial building.
      1126 Center St, Ithaca, MI 48847
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Visibility, US-127 Access
    Where is this restaurant located?
    The property is located at 1335 Center St Ithaca, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Established restaurant with redevelopment potential for new retail concepts.; High visibility location at US-127 exit onto Business-127.; Land contract financing options available.
    Request Owner's contact information
    1335 Center St Ithaca, MI 48847
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1335 Center St
    Ithaca, MI 48847
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1335 Center St Ithaca, MI 48847
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.