Turnkey Diner
W 111 W Michigan Avenue Unit SourceFi Augusta, MI 49012
W 111 W Michigan Avenue Unit SourceFi, Augusta, MI, 49012
$399,900
For Sale
$399,900
Turnkey restaurant with fully equipped commercial kitchen and dining room furnishings, with furniture, fixtures, and equipment included.
Property Size1,900 SF
Price / SF$210.47
Days on Market148
Property Features for W 111 W Michigan Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2002
Listing Agency
NAI Wisinski of West Michigan
(269) 370-6437
Listed by
Connor Schultze · License #6501453214
(269) 370-6437
Source
Xome
Added: Feb 22 Checked: Jul 20 at 1:42 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
This turnkey diner-style restaurant is offered with furniture, fixtures, and equipment included in the sale, supporting an efficient start for a new owner. The kitchen is fully equipped with commercial-grade cooking and prep areas, refrigeration, and a cooking line, and the dining room includes furnishings.
The property is located at 111 W Michigan Avenue Unit SourceFi in Augusta, MI 49012, with visibility along Michigan Avenue and surrounding local businesses and neighborhood rooftops described in the public remarks.
The package is positioned as an operating restaurant opportunity, with the interior improvements and restaurant equipment already in place for continued use.
The property is located at 111 W Michigan Avenue Unit SourceFi in Augusta, MI 49012, with visibility along Michigan Avenue and surrounding local businesses and neighborhood rooftops described in the public remarks.
The package is positioned as an operating restaurant opportunity, with the interior improvements and restaurant equipment already in place for continued use.
Key Highlights
- 111 W Michigan Ave downtown Augusta restaurant ready to operate
- Fully equipped commercial kitchen with prep areas, refrigeration, and a cooking line
- Dining room furnishings included
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.0k | $13.14 |
| − Vacancy | −$1.2k | −$0.63 |
| EGI | $23.8k | $12.51 |
| − OpEx | −$5.9k | −$3.13 |
| NOI | $17.8k | $9.38 |
1,900 SF · lease $13.14/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$254.7K
$222.8K – $297.1K
NOI $17,826 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$497.2K
$435.0K – $580.1K
NOI $34,803 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nina's Taqueria
Restaurant
DIG-IN CAFE AND CATERING
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- DIG-IN CAFE AND CATERING — 111 W Michigan Ave, Augusta, MI 49012
FAQs
What type of property is this?
Breakfast & diner - Turnkey restaurant with fully equipped commercial kitchen and dining room furnishings, with furniture, fixtures, and equipment included.
Where is this breakfast & diner located?
The property is located at W 111 W Michigan Avenue Unit SourceFi Augusta, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 111 W Michigan Ave downtown Augusta restaurant ready to operate; Fully equipped commercial kitchen with prep areas, refrigeration, and a cooking line; Dining room furnishings included
