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    OFF-MARKET
    Commercial real estate

    104 Main St, Leroy, MI 49655-5127

    0.2 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-3192048
    Property summary
    AI-generated overview

    This exceptional LeRoy, MI property offers a unique investment opportunity. The 4,500 square foot building boasts a custom-designed restaurant complete with state-of-the-art stainless steel equipment, ensuring both efficiency and a stylish culinary experience. The expansive banquet hall is perfect for hosting large-scale events such as weddings, corporate functions, and other celebrations, offering significant revenue potential. Adding to the property's versatility, charming apartments are located upstairs, providing comfortable staff housing or the possibility of generating additional rental income. Situated on a 0.2-acre lot at 104 E Main, LeRoy, MI, this turnkey operation is ready for a new owner to step in and capitalize on its established success. The property's blend of high-end restaurant facilities and income-generating apartments makes it an attractive proposition for discerning investors seeking a profitable and well-established business. The asking price is $299,000. This is a rare opportunity to acquire a fully equipped and operational restaurant with significant upside potential, offering a unique combination of commercial and residential income streams. The property's prime location in LeRoy, MI, ensures high visibility and accessibility for customers. Don't miss this chance to own a thriving business with significant growth potential.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.2 ac (8,712 SF)
    APN 43 101 001 00
    UPID US43-3192048
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    M V GUNDRUM & CO LLC
    M V GUNDRUM & CO LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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