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Property profile & analytics
FOR SALE
Bars & Pubs

12229 Seymour Rd Grass Lake, MI 49240

5,310 SF Built 1993
Property ID
US43-1916778
Property summary
AI-generated overview

Rare opportunity to acquire a fully operational restaurant/bar property with an accompanying single family residence, ideal for owner operators, investors seeking a mixed use income property, or hospitality groups seeking a destination style venue. Located in the heart of the Waterloo Recreation Area. COMMERCIAL BUILDING - 3,414 SF Restaurant/Bar (Built 1993, Remodeled 2009) A well maintained, fully equipped hospitality operation featuring: Interior Features " Large L shaped bar with multiple taps, liquor display, overhead glass racks, and several mounted TVs " Spacious dining room with wood look flooring, clean finishes, and flexible table layouts " Commercial kitchen with stainless prep lines, hood system, fryers, burners, refrigeration, and pass through window " Additional service areas, storage, and POS zones " Private "game room" for private events or additional seating Outdoor Amenities " Covered patio dining pavilion with wood beam construction and brick pavers " Additional picnic style seating area with firewood storage and rustic character " Large outdoor smoker station with wood storage canopy " Landscaped grounds including a decorative pond, lounge area, and fenced patio " Ample parking and easy access from Seymour Rd " Horse "parking" from Waterloo Trail Site Details " 1.086 acres " C 1 zoning supports restaurant, bar, retail, and other commercial uses " High visibility in a recreational, camping, lake area corridor " Well and Septic RESIDENTIAL HOME - 1,896 SF Ranch (Built 1950) A well kept single family home located directly adjacent to the commercial building -- ideal for on site living, staff housing, or rental income. Home Features " 2 bedrooms, 2.5 baths " 1,896 sq ft ranch layout with 450 sq ft basement " 480 sq ft attached garage " Forced heat & cooling " Large deck " Sunroom with hot tub " Fireplace, dishwasher, microwave, and ceramic tile bath finishes " 0.876 acre lot with mature trees, landscaped yard, and private driveway " Well and Septic Investment Highlights " Turnkey restaurant/bar with full kitchen, bar infrastructure, and indoor/outdoor seating " On site residence provides operational convenience or additional revenue " Located in a high traffic recreational area near lakes, campgrounds, and state land " Strong potential for destination dining, events, catering, or expansion " Combined nearly 2 acres of usable land across two parcels Ideal For " Owner operators seeking live work convenience " Hospitality groups expanding into destination dining " Investors seeking a mixed use income property " Caterers, BBQ operators, breweries, or event driven concepts " Total Combined Acreage: ~1.96 acres " Zoning: C 1 (Commercial) + R 3 (Residential)

Property profile
Verified
Property type Bars & Pubs
Year built 1993
Total area 5,310 SF
UPID US43-1916778
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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