121 Main St Ovid, MI 48866
- Turn key restaurants
- 1,720 SF
- 0.05 lot acres
Current Use by Public Records
- Ovid Cafe / Cafe
Property Details for 121 Main St
- Year built
- 1870
- Lot size
- 0.05 lot acres
- Property size
- 1,720 SF
- Zone code
- B-1
- Property type
- Turn key restaurants
- APN
- 580-000-018-014-00
- APU
- 58000001801400
Description
This exceptional investment opportunity presents a fully operational restaurant located at 121 S Main Street, Unit 121, Ovid, MI. The 3,440 square foot property sits on a 0.05-acre lot and is priced affordably at $110,000. The restaurant itself boasts recent upgrades, including new flooring and tables, ensuring a modern and inviting atmosphere for patrons. Adding significant value to this offering are two income-generating apartments located on the upper floor. These apartments are currently rented, providing a consistent stream of supplemental revenue beyond the restaurant's operations. This unique combination of a thriving restaurant business and established rental units presents a compelling investment prospect for those seeking a diversified income portfolio. The property's location in Ovid, MI, offers access to a local customer base while the updated interior ensures immediate operational readiness. The restaurant is fully equipped and ready for a new owner to step in and continue its success. The rental units are also in good condition and currently occupied, minimizing vacancy concerns. This is a rare opportunity to acquire a turnkey business with built-in rental income in a desirable small-town setting. Serious inquiries are encouraged to explore this promising investment further. Financial statements and 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
- Ovid
- County
- Clinton
- State
- Michigan
- Longitude
- -84.3713
- Latitude
- 43.0048
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
