Property profile

12227 Seymour Rd Grass Lake, MI 49240

FOR SALE
Turn key restaurants
Property ID
US43-0744791
3,414 SF 1.09 ac lot Built 1993
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity in Grass Lake, Michigan, presents a unique blend of established success and significant potential. Priced at $599,900, this property boasts 2,305 square feet of space, situated on a generous 1.96 acres of land. The property includes two buildings, both single-story structures, built in 1950. The main building houses the thriving restaurant, a well-known local favorite known for its fish fry, barbecue, live music, and social atmosphere. The restaurant benefits from a loyal customer base and dedicated staff, ensuring a smooth transition for a new owner. Adding to the appeal is a three-bedroom, one-bathroom house located on the property, providing additional living space or potential for expansion. The restaurant's prime location near Portage Lake makes it an ideal summer destination, further enhanced by its high-traffic location. This owner/user investment offers a rare chance to acquire a profitable, established business with significant upside potential in a desirable Michigan community. The price per square foot is $260.26. This is a truly remarkable opportunity for a culinary entrepreneur seeking a ready-made success story. The property's address is 12227 Seymour Rd, Grass Lake, MI 49240.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Total area 3,414 SF
Lot 1.09 ac (47,306 SF)
Zoning code C-1
APN 000-10-05-351-001-01
UPID US43-0744791

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
  • Restaurant

Location

12227 Seymour Rd Grass Lake, MI 49240
Grass Lake metro Census 6801 JACKSON, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$215k

Owner & transaction history

since 2016
5 recorded transactions
2016
$48,952
2009
Price N/A
2009
$80,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Grass Lake, MI
Zoning description

The General Commercial District is intended for commercial uses that provide convenience goods and services for residents of the village and the surrounding area. It is further the intent of this district that sites deve…

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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