10701 M38, Greenland, MI 49929
This thriving bar and grill, located at 10701 M38 in Greenland, Michigan, presents a unique business opportunity. Spanning 2,080 square feet on a 0.72-acre lot, this well-established establishment boasts a loyal customer base drawn to its excellent food, drinks, and lively atmosphere. The business benefits significantly from its location in a premier all-seasons recreational area, attracting customers engaged in various outdoor activities. Proximity to attractions such as Lake Superior (just 20 minutes away) and the Porcupine Mountains State Park further enhances its appeal. The area offers abundant opportunities for ATV riding, snowmobiling, hiking, and fishing, ensuring a consistent flow of customers throughout the year. The business has a long and successful history, demonstrating its viability and potential for continued growth. This turnkey operation is ready for a new owner to step in and continue its legacy of success. The asking price is $234,000. This represents a rare chance to own a profitable business in a desirable location with strong potential for future expansion and increased profitability. The property is well-situated to capitalize on the growing tourism and recreation industries in the region. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.