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    OFF-MARKET
    Commercial land

    13996 Territorial Rd, Gregory, MI 48137-9639

    0.11 ac lot
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US43-2654795
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.11 ac (4,574 SF)
    Zoning code C-1
    APN D -04-18-463-029
    UPID US43-2654795
    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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    Owner & transaction history
    Property Rentals LLC · 18 yrs held
    Property Rentals LLC
    since 2007
    3 recorded transactions
    2007
    2006
    $250,000
    2006
    Zoning & alternative use
    C-1 · Gregory, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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