You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

10597 Lewis Ave Temperance, MI 48182-8700

OFF-MARKET Turn key restaurants Google Maps
1,760 SF 0.42 ac lot
Individually Owned 23-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$65k
Range $59k – $72k (±10%)
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

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10597 Lewis Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message