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    OFF-MARKET
    Industrial properties

    13982 Red Arrow Hwy, Harbert, MI 49115

    4,496 SF 1.5 ac lot Built 1930
    Property ID
    Property summary
    AI-generated overview

    This exceptional turn-key restaurant opportunity in desirable Harbor Country, Michigan, presents a unique blend of established business and significant real estate potential. The 4,496 square foot building, recently updated and meticulously maintained, sits on a 1.5-acre lot boasting 320 feet of frontage on Red Arrow Highway, the area's main thoroughfare. Currently operating as Capozio's Restaurant, a well-regarded Italian eatery, the property includes a spacious sports bar/dining area with seating for 70, and a separate event room accommodating 50 guests. Ample paved parking is available, along with extensive space for outdoor dining and events on the open grounds. The property's strategic location and established clientele provide a strong foundation for continued success. The sale includes three parcels: two commercially zoned and one residentially zoned. A newly paved bike and walking path enhances the property's visibility and appeal. The seller is open to negotiating a sale of the real estate only, without the existing restaurant equipment and liquor license, offering flexibility for prospective buyers.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1930
    Total area 4,496 SF
    Lot 1.5 ac (65,340 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Capozio's Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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