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Property profile & analytics
FOR SALE
Turn key restaurants

11191 Telegraph Rd Erie, MI 48133

5,076 SF 5.67 ac lot Built 1998
Entity Owned 10-yr Hold Free & Clear
Property ID
US43-0918378
Property summary
AI-generated overview

This thriving Mexican restaurant in Erie, MI, presents a unique turnkey business opportunity. Located at 11191 Telegraph, the property boasts a spacious 5,076 square foot building situated on a generous 5.67-acre lot. The restaurant enjoys a long-standing reputation and a loyal customer base, built over years of successful operation. The sale price of $895,000 includes all equipment and fixtures, making this a seamless transition for a new owner. The property's significant size offers considerable potential for expansion or diversification. Two outdoor patios provide additional seating areas, overlooking private and tranquil settings. All necessary licenses and permits are included in the sale, ensuring a smooth and immediate start to operations. This is an exceptional opportunity to acquire a profitable, established business with significant growth potential in a desirable location. The substantial acreage offers ample room for future development, making this a truly versatile investment. Don't miss this chance to own a well-regarded restaurant with a proven track record and significant upside.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1998
Total area 5,076 SF
Lot 5.67 ac (246,985 SF)
APN 05-005-010-00
UPID US43-0918378
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
  • La Fiesta Restaurant 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
Erie LLC · 10 yrs held
Erie LLC
since 2015
2 recorded transactions
2015
Price N/A
2014
$614,200
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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