8869 32Nd St Richland, MI 49083
This exceptional turnkey restaurant opportunity is located at 8869 N 32nd Street in Richland, Michigan, 49083, within Kalamazoo County. The property, built in 2008, boasts 3,250 square feet of net rentable space in a single-story building situated on a commercially zoned lot (D/Commercial). The restaurant features a desirable outdoor seating area, perfect for enjoying the vibrant atmosphere. Inside, the space includes gas fireplaces and a substantial basement providing ample storage. A security system is in place for added peace of mind. The high ceilings, measuring 12 feet, contribute to a spacious and inviting ambiance. All furniture and fixtures are included in the sale price of $695,000, making this a truly turnkey operation. The property enjoys high visibility in a charming town center, situated on a main thoroughfare near the popular Gull Lake area, ensuring a steady stream of potential customers. This established restaurant presents a rare opportunity to acquire a thriving business in a growing community with minimal upfront investment. The recent price reduction makes this an even more compelling proposition for a savvy investor looking to capitalize on a well-established business with significant potential for growth.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.