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    OFF-MARKET
    Retail properties & Spaces

    700 M L King Dr, Portage, MI 49024

    6,084 SF 0.89 ac lot Built 1997
    Property ID
    Property summary
    AI-generated overview

    This exceptional turnkey restaurant opportunity in Portage, Michigan, presents a rare chance to acquire a thriving business. Located at 700 Martin Luther King Drive, this 6,084 square foot, single-story building sits on a 0.89-acre lot (APN 391000009015N) and boasts a desirable B-2 zoning. Built in 1997, the property features spacious dining rooms, a substantial bar area, and an inviting outdoor patio. A fully equipped kitchen, complete with a large walk-in cooler, is ready for immediate use. All furniture, fixtures, and equipment are included in the sale price of $700,000 ($115.06/sq ft). Ample parking is available for patrons. The property's prime location offers high visibility, situated near Celebration Cinema Theater and Crossroads Mall. The included liquor license adds significant value to this exceptional opportunity. This former Brann's Steakhouse is in excellent condition and ready for a new owner to implement their culinary vision. Note that the liquor license may be available in a separate transaction. This is an excellent opportunity for an experienced restaurateur seeking a well-established, profitable business.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1997
    Total area 6,084 SF
    Lot 0.89 ac (38,768 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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