18089 State St Vandalia, MI 49095-8799
This exceptional business opportunity presents a well-established restaurant ideally situated on busy M-60 in Vandalia, MI. Boasting over 6,587 square feet, the property includes a spacious dining area with seating for more than 150 patrons, a full bar, and a dedicated banquet room perfect for hosting various events such as weddings, graduations, and birthday parties. The nearly one-acre lot provides ample parking for numerous vehicles, complemented by an outdoor deck and patio featuring a bandstand for live entertainment and al fresco dining. The sale includes a complete turnkey operation, encompassing all equipment, fixtures, and inventory, ensuring a seamless transition for the new owner. Adding to the investment potential, an upstairs apartment offers additional rental income. The property benefits from its location near several popular lakes (Diamond, Donnell, Birch, Shavehead, and others), attracting significant tourism. Furthermore, the proximity to Cassopolis, with its upcoming influx of new businesses and hundreds of new employees, presents tremendous growth potential for the future. This is a rare opportunity to acquire a thriving, established business with significant upside in a desirable location.
-
Sherry Lee's Bar And Grill Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.