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    OFF-MARKET
    Turn key restaurants

    10597 Lewis Ave, Temperance, MI 48182-8700

    1,760 SF 0.42 ac lot
    Individually Owned 23-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0238599
    Property summary
    AI-generated overview

    This exceptional Temperance, MI industrial property presents a compelling investment opportunity, boasting a total of 2,928 square feet situated on a 0.42-acre lot. The property is currently generating strong rental income from two distinct units. The upper unit, a two-bedroom residential space, is occupied by a long-term tenant, providing immediate cash flow for the new owner. The lower unit is leased to an established and successful restaurant, securing consistent rental income for the next three years via a current lease agreement. This ensures a stable and predictable return on investment. The property's prime location in Temperance offers excellent access to transportation routes and local amenities, further enhancing its appeal and potential for future growth. The combination of a reliable residential tenant and a thriving commercial tenant makes this a low-risk, high-reward investment opportunity. This turnkey property requires minimal management, making it ideal for both seasoned investors and those seeking a passive income stream. The property's strong tenant history and long-term lease agreements provide financial security and peace of mind. This is a rare chance to acquire a well-established, income-producing property in a desirable location. The asking price of $250,000 reflects the property's exceptional value and potential for future appreciation. Don't miss this chance to add a solid, income-generating asset to your portfolio.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Total area 1,760 SF
    Lot 0.42 ac (18,208 SF)
    APN 02-010-005-30
    UPID US43-0238599
    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
    Current use
    Occupant on record · Public records
    • Brenda's Family Dining Restaurant
    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
    by Request
    Owner & transaction history
    JOSEPH SAURO
    JOSEPH SAURO
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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