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    OFF-MARKET
    Turn key restaurants

    121 Main St, Ovid, MI 48866-5101

    1,720 SF 0.05 ac lot Built 1870
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-2412118
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ovid Cafe Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Simmons Properties LLC · 1 yrs held
    Simmons Properties LLC
    since 2025
    Last sale
    $100,000
    2 recorded transactions
    2025
    $100,000
    2024
    Zoning & alternative use
    B-1 · Ovid, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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