13996 Territorial Rd, Gregory, MI 48137-9639
This exceptional opportunity presents a fully renovated, historic inn and restaurant ideally situated across from the Inverness Country Club in Gregory, Michigan. Boasting a substantial 4,641 square feet, this C-1 zoned property offers 186 interior seats and an additional 46 patio seats, making it the only sit-down restaurant serving alcohol within a 10-mile radius. The expansive open floor plan includes a charming log cabin dining area with a captivating stone fireplace, plus two additional dining spaces perfect for private events or live music. Recent renovations have enhanced this already unique property, which includes a large deck and ample parking. The property comprises three parcels (APN: D -04-18-463-023, D -04-18-463-029, D -04-18-463-022) and is listed at $459,000. The liquor license and furniture, fixtures, and equipment (FF&E) are available separately for $140,000. Its prime location near Chelsea, Dexter, Jackson, and Ann Arbor, coupled with its proximity to numerous lakes, recreation areas, and new residential developments (Guenther Homes is constructing 48 homes with 40 more planned), ensures a strong customer base and significant growth potential. This is a rare opportunity to own a thriving business in a highly desirable location.
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
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Gregory, MIGregory. 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.