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Property profile

13581 Red Arrow Hwy Harbert, MI 49115

OFF-MARKET
Investment properties
0.58 ac lot Built 1900

Property summary

AI-generated overview

Cafe Gulistan, located at 13581 Red Arrow in Harbert, Michigan, presents a unique opportunity to acquire a well-established and profitable restaurant. This turnkey business, operating since 1992, boasts a loyal customer base extending from South Bend to Chicago, renowned for its authentic Turkish Kurd cuisine. The comfortable atmosphere features both indoor and outdoor seating, accommodating 150-200 patrons during peak hours. Currently operating four days a week during the peak season (4 PM - 9 PM), the restaurant maintains strong off-season sales through on-premise service and takeout, testament to the exceptional quality of its food. The property sits on a 0.58-acre lot. While the restaurant ceased active advertising in 2000, its reputation continues to draw significant crowds. The current owner, who has operated the business for 30 years, is offering comprehensive training, sharing their treasured Kurdish recipes to ensure a seamless transition for the new owner. Significant growth potential exists through expanding operating hours beyond four days a week and introducing a breakfast menu. This is a rare opportunity to acquire a thriving, established restaurant with a proven track record and immense potential for future expansion. A Matterport tour and visual floor plan are available for detailed review. The asking price is $845,000.

Property profile

Verified
Property type Investment properties
Year built 1900
Lot 0.58 ac (25,265 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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