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    FOR SALE
    Turn key restaurants

    12227 Seymour Rd, Grass Lake, MI 49240

    3,414 SF 1.09 ac lot Built 1993
    Individually Owned 9-yr Hold Free & Clear
    Property ID
    US43-0744791
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Portage Lake Parlor Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Kathleen Champagne · 9 yrs held
    Kathleen Champagne
    since 2016
    5 recorded transactions
    2016
    $48,952
    2009
    2009
    $80,000
    1969
    1969
    Zoning & alternative use
    C-1 · Grass Lake, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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