102 Howell St Pinckney, MI 48169-9664
This thriving Asian fusion restaurant in Pinckney, Michigan, presents a unique owner-user investment opportunity. Located at the corner of Main (M-36) and Howell Street, this 3,458 square foot establishment boasts a prime downtown location directly across from Town Square Park and the Youth Hub Center. Built in 2010 and extensively renovated in 2021, the property includes a newly renovated sushi bar, walk-in freezer, updated walk-in refrigerator, and mostly new kitchen equipment. Other recent improvements encompass updated bathrooms, a new roof, upgraded plumbing in select areas, and a modernized office space. The restaurant also features a desirable outdoor patio and sidewalk seating, enhancing its appeal. Ample free municipal parking is available just south of the property, supplemented by abundant street parking. The asking price of $750,000 includes all equipment, furniture, fixtures, contents, real estate, and the liquor license. Note that the purchaser is responsible for applying for and obtaining the liquor license transfer from the State of Michigan at their own expense. The property sits on a 0.08-acre lot within the Central Business District (CBD) zoning, and its combined value of assets exceeds the list price. This turnkey operation is ready for a new owner to step in and continue its success. The property's APN is 4714-22-404-055.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
VCBD · Pinckney, MICosts & Benchmarks
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.