Property profile

13996 Territorial Rd Gregory, MI 48137

OFF-MARKET
Commercial land
Property ID
US43-2654795
0.11 ac lot
Entity Owned 19-yr Hold Free & Clear
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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

Location

13996 Territorial Rd Gregory, MI 48137-9639
Gregory metro Census 444000 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2007
3 recorded transactions
2007
Price N/A
2006
$250,000
2006
Price N/A

Zoning & alternative use

C-1 · Gregory, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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