139 Ct St Hastings, MI 49058-1820
This thriving restaurant, located in the heart of Hastings, MI—named one of America's 100 Best Small Towns—presents a remarkable business opportunity. Established for over two decades, this family-owned diner boasts a loyal customer base and strong community presence. The 1,625 square foot building sits on a 0.05-acre lot in a superb downtown location, easily accessible from multiple parking areas, including a large city parking lot nearby. The cozy interior comfortably seats 40 patrons, featuring a counter currently used as a staff staging area. The well-equipped kitchen includes a spacious prep room and a rare find: a combined walk-in cooler and freezer, maximizing energy efficiency. This turnkey operation offers immediate income potential and the chance to build upon an already successful legacy. The asking price is $250,000. This is an exceptional chance to own a well-regarded restaurant in a vibrant and desirable small town. The property's prime location and established clientele make it an attractive investment for both experienced restaurateurs and ambitious newcomers to the industry. The existing infrastructure and equipment provide a solid foundation for continued success and growth.
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Phil's Galley Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Hastings, MIHastings. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.