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Financial
Distress signals
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
Last sale Nov 2016 · $48,952
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a restaurant and bar facility located in the Waterloo Recreation Area, set on a 1.09-acre lot with C-1 zoning that allows restaurant, bar, retail, and other commercial uses. The building is approximately 3,414 square feet and includes an L-shaped bar equipped with multiple taps, liquor display, overhead glass racks, and mounted TVs, along with a dining room with wood-look flooring and flexible table layouts. A commercial kitchen features stainless prep lines, a hood system,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2023$121k
Effective rate4.02%

Value estimate

· Oct 2026
$215k
$194k – $237k
NOI build-up
Gross scheduled income$47k
Vacancy & credit loss−$4k
Operating expenses−$11k
NOI · 6.49% cap applied$32k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$84/SF
County average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$37 – $139

Cap rate analysis

How does the asset earn?
6.49%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1
The General Commercial District is intended for commercial uses that provide convenience goods and services for residents of the village ...
General categoryCOMMERCIAL
JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand index
Restaurant6.9
Department Store5.8
Bar & Pub5.7

Location

12227 Seymour Rd Grass Lake, MI 49240
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
103 Michigan, Grass Lake, MI 49240-9188 $290,000 May 2025 1,344 SF
101 Michigan, Grass Lake, MI 49240-9188 $290,000 Mar 2025 5,880 SF
100 Michigan, Grass Lake, MI 49240-9680 $200,000 Jan 2025 2,200 SF
117 Michigan, Grass Lake, MI 49240-9680 $195,000 Nov 2023 1,750 SF
425 Michigan, Grass Lake, MI 49240-8920 $215,000 Nov 2023 10,040 SF
114 Michigan, Grass Lake, MI 49240-9188 $110,000 Oct 2023 2,785 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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