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    OFF-MARKET
    Commercial real estate

    12323 Maple St, Bear Lake, MI 49614

    0.61 ac lot
    Entity Owned 13-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-2940423
    Property summary
    AI-generated overview

    This exceptional 3,016 square foot commercial property, located at 12323 Maple St in Bear Lake, Michigan (49614), presents a unique opportunity for a restaurant or bar owner. The building has undergone recent remodeling, boasting a new bar and tap system, a large walk-in cooler, and ample parking. Situated directly across from public access to Bear Lake, this location benefits from stunning views and high visibility. The property enjoys a significant daily traffic count of 5,000 vehicles. While the kitchen requires completion, the rest of the space is move-in ready. A previous tenant successfully operated using a food truck, demonstrating the site's viability. This turnkey opportunity is further enhanced by a 10-year deed restriction ensuring continued use as a restaurant. The property is zoned for commercial use (APN: 32-221-710-05) and is offered at an asking price of $299,000. A virtual tour is available online. This is an ideal location for a food truck operator seeking a brick-and-mortar establishment or an experienced restaurateur looking for a well-positioned, partially renovated space.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.61 ac (26,572 SF)
    APN 32-221-710-05
    UPID US43-2940423
    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
    • Southern Sin-Thesis Take-out & Catering Catering Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Blarney Castle Oil Co · 13 yrs held
    Blarney Castle Oil Co
    since 2013
    1 recorded transaction
    2013
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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