121 Main St, Ovid, MI 48866-5101
This exceptional investment opportunity presents a fully operational restaurant located at 121 S Main Street, Unit 121, Ovid, MI. The 3,440 square foot property sits on a 0.05-acre lot and is priced affordably at $110,000. The restaurant itself boasts recent upgrades, including new flooring and tables, ensuring a modern and inviting atmosphere for patrons. Adding significant value to this offering are two income-generating apartments located on the upper floor. These apartments are currently rented, providing a consistent stream of supplemental revenue beyond the restaurant's operations. This unique combination of a thriving restaurant business and established rental units presents a compelling investment prospect for those seeking a diversified income portfolio. The property's location in Ovid, MI, offers access to a local customer base while the updated interior ensures immediate operational readiness. The restaurant is fully equipped and ready for a new owner to step in and continue its success. The rental units are also in good condition and currently occupied, minimizing vacancy concerns. This is a rare opportunity to acquire a turnkey business with built-in rental income in a desirable small-town setting. Serious inquiries are encouraged to explore this promising investment further. Financial statements and further details are available upon request.
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Ovid Cafe Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Ovid, MIOvid. Always verify with local authorities before improvements.
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.