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    884 State St Oscoda, MI 48750

    Sponsored
    For Sale
    $950,000

    Profitable Restaurant, Prime Location

    Property size:
    4,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey restaurant opportunity in Oscoda, Michigan, presents a rare chance to acquire a well-established, profitable business. Located at 884 S State St, this 4,100 square foot Class A restaurant boasts a prime location with significant road frontage on US 23, offering excellent visibility and accessibility. The property sits on a 1.25-acre lot providing ample parking for 150 vehicles. Built in 1960 and extensively renovated in 2013, the property includes two buildings and features updated amenities such as a new roof, on-demand water heater, HVAC system, bathrooms, and electrical work. The restaurant enjoys a 100% occupancy rate as of June 19, 2023, generating a strong NOI of $150,000 and a 15.79% cap rate. With a seating capacity of 120 and a dedicated staff of 18 employees (owner will provide 60 days of paid training), this business is ready for immediate operation. The asking price is $950,000 ($231.71/sq ft). The property's strategic location near the Au Sable River, Lake Huron, marina, beaches, boat ramp, airport, condos, harbor, farmer's market, Au Sable Shoreline Park, hotels, campgrounds, and canoe rentals ensures a consistent flow of both local and tourist clientele. Included in the sale is approximately $10,000 worth of food inventory and all existing restaurant equipment. The property is zoned commercial and has a permitted zoning designation. This is a truly remarkable opportunity to own a thriving restaurant in a desirable location.

    Property Features for 884 State St

    General Information

    Property type
    Restaurants
    Square Feet
    4,100 SF
    Class
    A
    Lot Size
    54,450 SF

    Building Details

    Year Built/Renovated
    1960/2013
    Buildings
    2
    Stories
    1
    Units
    1

    HighLights

    • Turnkey restaurant operation with 18 employees and 60 days of owner training.
    • 1.25‑acre lot with ample parking.
    • Includes all restaurant equipment and $10,000 of food inventory.
    • Flexible hours; high volume location popular with locals and tourists.
    • Recent capital improvements include a new roof, on‑demand water heater, HVAC system, bathrooms, and electrical upgrades.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mama's Country Kitchen Family Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Gym & Fitness Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oscoda
    County
    Iosco
    State
    Michigan
    Longitude
    -83.3259553
    Latitude
    44.4110458

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant, Prime Location
    Where is this restaurant located?
    The property is located at 884 State St Oscoda, MI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Turnkey restaurant operation with 18 employees and 60 days of owner training.; 1.25-acre lot with ample parking.; Includes all restaurant equipment and $10,000 of food inventory.
    Request Owner's contact information
    884 State St Oscoda, MI 48750
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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
    884 State St Oscoda, MI 48750
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