Property profile

104 Main St Leroy, MI 49655

OFF-MARKET
Commercial real estate
Property ID
US43-3192048
0.2 ac lot
Entity Owned Absentee Owner Free & Clear
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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

Location

104 Main St Leroy, MI 49655-5127
Leroy metro Census 970200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

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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