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Property profile & analytics

1217 Emerald Dr Mears, MI 49436-9696

  • Commercial real estate
  • 1,580 SF
  • 0.59 lot acres
OFF-MARKET
Value Estimation
$295,000
Last Sale
Jul 25, 2025
Location Intelligence
Property ID
US43-3497935
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$5,282
$84,800
$63,700
$148,500
-
$169,600
$127,400
$297,000
More about this property
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