Property profile

10701 M38 Greenland, MI 49929

OFF-MARKET
Investment properties
2,080 SF 0.72 ac lot Built 1980
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Year built 1980
Total area 2,080 SF
Lot 0.72 ac (31,363 SF)

Cap rate & NOI

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

Location

10701 M38 Greenland, MI 49929
Greenland 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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