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Property profile & analytics
OFF-MARKET
Commercial land

18089 State St Vandalia, MI 49095-8799

0.21 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US43-2075630
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.21 ac (9,148 SF)
APN 14-101-100-018-00
UPID US43-2075630
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
Current use
Occupant on record · Public records
  • Sherry Lee's Bar And Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Midwest V LLC · 6 yrs held
Midwest V LLC
since 2019
5 recorded transactions
2019
Price N/A
2018
$60,000
2013
Price N/A
2013
$50,000
2007
$3,969
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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