104 Main St, Leroy, MI 49655-5127
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & 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.