Property profile

901 Lapeer Rd Lake Orion, MI 48362

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional $1,500,000 retail property, located at 901 S Lapeer Rd, Lake Orion, MI 48362, is a fully operational restaurant with significant charm and versatility. The building features six separate dining rooms (excluding the bar), each adaptable for private events or flexible seating arrangements. Intimate gatherings or large-scale functions are easily accommodated due to the ability to open or close off individual dining areas. Ambiance is enhanced by a cozy downstairs gas fireplace, multiple TVs in the bar and one dining room, and a new electric fireplace heater upstairs. Enjoy breathtaking lake views from the front dining room and patio, providing a unique setting, further enhanced by firework displays visible from the property. Outdoor amenities include a patio with seating and a lounge area. The property also boasts ample storage, including basement and upstairs areas, along with three walk-in coolers (one indoor, two outdoor) and a walk-in freezer. The original bar, featuring name plates from notable figures, adds to the building's historical character. Recent improvements include a new fire system, updated equipment, refreshed dining rooms, new hardwood floors upstairs, and new patio furniture. A projector screen is available for presentations or seminars. Beautiful landscaping complements the building's exterior. This turnkey operation is ready for a new owner. Please note: This is an operating business

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

901 Lapeer Rd Lake Orion, MI 48362
Lake Orion metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

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