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    Property profile & analytics
    FOR SALE
    Commercial real estate

    1335 E Center St, Ithaca, MI 48847

    1.97 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US43-3256959
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1335 E Center St in Ithaca, Michigan, presents a unique investment opportunity. The 3,350 square foot building, constructed in 1998, is currently operating as a restaurant but offers significant redevelopment potential. Situated on a 1.97-acre lot with ample parking (51 spaces), the property boasts excellent visibility and accessibility from US-127, specifically at the Business-127 exit. The C-2 General Commercial zoning allows for a variety of uses, making it ideal for a new restaurant concept, or conversion into a single or multi-tenant retail development. The asking price is $1,000,000, translating to $298.51 per square foot. The property's APN is 52-060-304-00. This prime location in Gratiot County (zip code 48847) offers high traffic counts and strong potential for future growth. Land contract terms are available for qualified buyers. This is a rare opportunity to acquire a well-positioned commercial property with significant upside potential in a thriving Michigan community. The property's class is C.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.97 ac (85,813 SF)
    APN 52-060-304-00
    UPID US43-3256959
    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
    • Great Lakes Family Restaurant Restaurant
    • Bon's Burgers Restaurant
    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
    Edi & Sons II INC · 3 yrs held
    Edi & Sons II INC
    since 2023
    Last sale
    $375,000
    4 recorded transactions
    2023
    2023
    $375,000
    2017
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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