Property profile

121 Main St Ovid, MI 48866

OFF-MARKET
Turn key restaurants
Property ID
US43-2412118
1,720 SF 0.05 ac lot Built 1870
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1870
Total area 1,720 SF
Lot 0.05 ac (2,178 SF)
Zoning code B-1
APN 580-000-018-014-00
UPID US43-2412118

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
  • Cafe & Coffee Shop

Location

121 Main St Ovid, MI 48866-5101
Ovid metro Census 11001 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2025
Last sale
$100,000
2 recorded transactions
2025
$100,000
2024
Price N/A

Zoning & alternative use

B-1 · Ovid, MI
Zoning description

DIVISION 5. - B-1 CENTRAL BUSINESS DISTRICT Sec. 36-254. - Intent. It is the intent of the B-1 Central Business District to provide for office buildings and the great variety of retail stores and related activities which…

General category COMMERCIAL

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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