Technical
Financial
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Property profile

100 Kristian St Sandusky, MI 48471

OFF-MARKET
Commercial real estate
Property ID
US43-2881152
1.52 ac lot
Individually Owned 17-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Sandusky, MI, business opportunity encompasses a thriving restaurant, bar, and a 16-lane bowling alley, all operating under one roof on a 1.52-acre lot. The property boasts a substantial 20,300 square feet of space, offering ample room for all three ventures. The restaurant features a 450-person seating capacity, complemented by additional seating near the bowling lanes. A well-established reputation, built over decades of family ownership, ensures a strong customer base. The sale includes a Class C liquor license, adding significant value to the acquisition. The bowling alley is equipped with 16 lanes, automatic scoring, a modern oiling system, updated pin setters (16 Qubica ball return & scores), and a pin racking system. Currently hosting 9 weekly bowling leagues, this aspect of the business is well-established and profitable. Recent upgrades include the replacement of three furnaces in 2022 with Rheem units, demonstrating a commitment to ongoing maintenance and efficiency. The restaurant's kitchen is fully equipped and includes a large, efficient walk-in cooler. Multiple banquet rooms provide flexibility for various events, from small gatherings to large-scale functions. Extensive parking accommodates large crowds, and the property also offers underutilized outdoor space with potential for expansion or additional amenities. The renowned wet burrito recipe is included in the sale. This turnkey operation presents a unique chance to own and operate a multifaceted business with significant growth potential. The property is well-maintained and ready for a new owner to continue its success. Please note: There is no signage on the property

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.52 ac (66,211 SF)
APN 320-185-000-014-00
UPID US43-2881152

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

100 Kristian St Sandusky, MI 48471-3311
Sandusky metro Census 970900
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2009
1 recorded transaction
2009
$300,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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