1217 Emerald Dr Mears, MI 49436-9696
- Commercial real estate
- 1,580 SF
- 0.59 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1217 Emerald Dr
- Lot size
- 0.59 lot acres
- Property size
- 1,580 SF
- Property type
- Commercial real estate
- APN
- 006-652-178-00
- APU
- 665217800
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $250,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $290,000
- Mixed-Use
- $265,000
- Hospitality
- $315,000
- Educational
- $260,000
- Residential Income
- $320,000
- Energy
- $305,000
- Income-Based Land
- $300,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Mears
- County
- Oceana
- State
- Michigan
- Longitude
- -86.4856
- Latitude
- 43.668