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Property profile

13982 Red Arrow Hwy Harbert, MI 49115

OFF-MARKET
Industrial properties
4,496 SF 1.5 ac lot Built 1930

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

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

4 recent transactions · within 1.5 mi
Comparable in this city
4 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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