1217 Emerald Dr, Mears, MI 49436-9696
This exceptional business opportunity in Mears, Michigan, presents a chance to acquire a thriving eatery and valuable real estate. Located on a half-acre lot in the desirable Silver Lake business district, the property boasts two buildings, all just one year old. The sale includes the existing, successful seasonal restaurant operation (May-October), offering immediate income potential. All furniture, fixtures, and equipment are included, ensuring a seamless transition for the new owner. The main building houses the restaurant itself, while an ancillary building provides additional space, perfect for storage, expansion, or other uses. The property's prime location and the existing business's established customer base provide a strong foundation for continued success. The current setup is ideal for an owner-operator, but the significant upside potential allows for growth and expansion beyond the current seasonal operation. This turnkey opportunity is a result of a partnership dissolution, making it a rare chance to acquire a well-established business and prime real estate in a sought-after location. The total square footage of the buildings is 1,580 square feet. This is a truly unique opportunity for a savvy investor or entrepreneur looking to establish themselves in the vibrant Silver Lake area. Don't miss this chance to own a thriving business and valuable real estate in a prime location.
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
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.