7611 Us-12 Onsted, MI 49265
- Commercial real estate
- 1.73 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7611 Us-12
- Lot size
- 1.73 lot acres
- Property type
- Commercial real estate
Description
Mystery Hill, a well-established seasonal business in the scenic Irish Hills of Southern Michigan, presents a unique investment opportunity. This profitable attraction boasts a rich 72-year history and offers a diverse range of attractions. The property includes three buildings situated on a 1.73-acre lot at 7611 US-12, Onsted, MI 49265, conveniently located a half-mile from Hayes State Park, one of Michigan's busiest state parks, and directly on the park's main access route. The property underwent complete renovations in 2023. Currently operating as an owner-user business, it offers a compelling 11.46% cap rate with a net operating income (NOI) of $40,000 and an asking price of $349,000. The business is owned by an LLC and is offered for sale by owner. Owner financing may be considered for qualified buyers with a significant down payment. This turnkey operation presents a rare chance to acquire a profitable, established business with significant growth potential in a desirable location. Further details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Onsted
- County
- Lenawee
- State
- Michigan
- Longitude
- -84.1398
- Latitude
- 42.0558
