1071 32nd St Allegan, MI 49010-9157
This exceptional 35,880 square foot industrial property in Allegan, Michigan presents a rare investment opportunity. The property encompasses a thriving restaurant, known as "The Grill House," complete with a unique "grill-your-own" concept and a full-service bar called the Rock Bottom Bar. The sale includes the established restaurant business, its accompanying outdoor seating area, and a separate, highly sought-after event venue – the Silo – perfect for weddings and banquets. A fully equipped commercial kitchen and catering operation are also included, ensuring a seamless transition for the new owner. The Grill House boasts a strong reputation, having been featured on prominent travel channels. Beyond the commercial aspects, the property boasts 22.3 acres of picturesque land, providing ample space and a tranquil setting. The grounds include a charming gazebo and a fully stocked pond, adding to the overall appeal and potential for further development or expansion. This turnkey operation offers a diverse revenue stream and significant potential for growth in a desirable location. The property's size and versatile nature make it an ideal investment for entrepreneurs seeking a unique and established business with significant expansion possibilities. The combination of a successful restaurant, a premier event venue, and extensive acreage presents a truly exceptional opportunity.
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The Grill House Restaurant
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The Silo Banquets & Catering Take-out & Catering Catering Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.