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    482 Sage Lake Rd Hale, MI 48739

    Sponsored
    For Sale
    $444,900

    Established Coney Island, prime location. High potential.

    Property size:
    1,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional business opportunity presents a thriving Coney Island establishment in Hale, Michigan. Located on over an acre at 482 N Sage Lake Rd, this property boasts two buildings totaling 1,150 square feet, constructed in 2005 and renovated in 2011. The main building houses a fully equipped kitchen featuring a convection/pizza oven, flattop grill, various cooking appliances, and ample prep space. Ice cream offerings include two soft-serve machines, a shake machine, and 18 hand-scooped ice cream flavors. A beer and wine license is included. Exterior amenities include two walk-in freezers, a 30x40 pole barn with a cement floor, a Generac generator, additional storage sheds, and a covered 34x56 picnic pavilion (added in 2014). A unique feature is an outdoor movie screen and a putt-putt golf course. The property is zoned commercial and sits on a 1.11-acre lot. All contents are included in the sale, excluding current inventory (negotiable) and pole barn contents. The business currently operates seasonally (May-September, Friday-Sunday), averaging 55-65 days annually, with significant potential for expansion. The asking price is $444,900.

    Property Features for 482 Sage Lake Rd

    General Information

    Property type
    Retail properties
    Square Feet
    1,150 SF
    Lot Size
    48,352 SF

    Building Details

    Year Built/Renovated
    2005/2011
    Buildings
    2

    HighLights

    • Thriving Coney Island business for sale in Hale, MI, on over an acre at 482 N Sage Lake Rd.
    • Two buildings totaling 1,150 square feet, built in 2005 and renovated in 2011. Includes a fully equipped kitchen and ample prep space.
    • Offers soft‑serve ice cream, shakes, and 18 hand‑scooped ice cream flavors. A beer and wine license is included.
    • Exterior features include two walk‑in freezers, a 30x40 pole barn, a Generac generator, storage sheds, and a 34x56 covered picnic pavilion (added 2014).
    • Unique amenities include an outdoor movie screen and a putt‑putt golf course. The property is commercially zoned and all contents are included (excluding inventory and pole barn contents). Asking price: $444,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crusins Cones & Coneys, ... Restaurant

    Suggested Use

    Restaurant Realty agency Hotel & Motel Gym & Fitness Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Hale
    County
    Ogemaw
    State
    Michigan
    Longitude
    -83.922926863877
    Latitude
    44.348966906491

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    FAQs

    What type of property is this?
    Retail property - Established Coney Island, prime location. High potential.
    Where is this retail property located?
    The property is located at 482 Sage Lake Rd Hale, MI.
    What is the asking price?
    The asking price for this property is $444,900.
    What are key features of this property?
    This property features: Thriving Coney Island business for sale in Hale, MI, on over an acre at 482 N Sage Lake Rd.; Two buildings totaling 1,150 square feet, built in 2005 and renovated in 2011. Includes a fully equipped kitchen and ample prep space.; Offers soft-serve ice cream, shakes, and 18 hand-scooped ice cream flavors. A beer and wine license is included.
    Request Owner's contact information
    482 Sage Lake Rd Hale, MI 48739
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    Hale, MI 48739
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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
    482 Sage Lake Rd Hale, MI 48739
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