161 Pne Dr Greenville, MI 48838-8109
Property profile & analytics
161 Pne Dr Greenville, MI 48838-8109
- Commercial land
- 0.09 lot acres
Property ID
US43-3188262
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 161 Pne Dr
- Lot size
- 0.09 lot acres
- Property type
- Commercial land
- APN
- 014-009-050-00
- APU
- 1400905000
Description
This exceptional opportunity presents the acquisition of a thriving, family-owned restaurant in Greenville, Michigan. Boasting 13,500 square feet on a 1.63-acre lot, this single-story establishment features a stunning waterfront location with nearly 400 feet of deeded frontage on a 156-acre private lake. Built in 1978 with significant renovations completed in 2023, the property includes ample parking (4.5 spaces per 1,000 sq ft) and is zoned for commercial use (APN: 014-009-041-00 +++). The asking price is $1,800,000, representing a price per square foot of $133.33 and a pro-forma cap rate of 15.34%, yielding a pro-forma NOI of $276,197. The property's diverse income streams include a restaurant, bar, event space (comfortably seating 50 guests), and catering services, supported by a Class C liquor license, an off-premises license, and a catering license. All furniture, fixtures, and equipment are included in the sale, along with established client contacts for events and banquets. The expansive outdoor deck accommodates approximately 150 patrons, while the interior dining area seats roughly 250. The current owners are prepared to assist with a smooth transition. This turnkey operation presents a rare chance to acquire a profitable, established business with significant growth potential. The property has been prequalified with the SBA at the asking price based on the seller's financials.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Montcalm
- State
- Michigan
- Longitude
- -85.2565
- Latitude
- 43.2698
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$60
$0.00
$0.00
$4,200
-
$0.00
$0.00
$4,200
