700 M L King Dr Portage, MI 49024
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 700 M L King Dr
- Year built
- 1997
- Lot size
- 0.89 lot acres
- Property size
- 6,084 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Kalamazoo
- State
- Michigan
- Longitude
- -85.5969
- Latitude
- 42.222
