Property profile

116 Main St Carson City, MI 48811

OFF-MARKET
Commercial real estate
Property ID
US43-2903545
0.05 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional, renovated Carson City restaurant and pub presents a unique investment opportunity. Priced at $699,500, this turnkey business boasts nearly 6000 square feet of space, currently operating as a successful full-service establishment. The existing building is open seven days a week, serving lunch and dinner, and features a high-quality menu prepared by culinary-trained chefs. The business is experiencing consistent monthly growth, driven by popular music events, special features, and Friday night promotions. Beyond the thriving restaurant, this 0.1-acre property at 116 W Main Street in Carson City, Michigan (48811) offers significant development potential. A second building on the site presents a nearly 6000 square foot opportunity for the creation of apartments or other income-generating ventures. The property's prime location in Montcalm County ensures high visibility and accessibility. High-quality construction and renovation are evident throughout the existing building, reflecting a commitment to excellence in design and execution. This is a rare chance to acquire a profitable, established business with substantial expansion possibilities. The property's strong performance and development potential make it an attractive investment for discerning buyers. Don't miss this chance to own a piece of Carson City's vibrant culinary and entertainment scene.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.05 ac (2,265 SF)
APN 051-112-091-00
UPID US43-2903545

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
  • Bar & Pub

Location

116 Main St Carson City, MI 48811
Carson City metro Census 971000 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
1 recorded transaction
2021
$30,000

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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