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    FOR SALE
    Commercial real estate

    210 W Lake St, Crystal, MI 48818

    0.17 ac lot
    Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-2800486
    Property summary
    AI-generated overview

    This thriving pizza restaurant, located at 210 W Lake St in Crystal, MI (Montcalm County, zip code 48818), presents a unique investment opportunity. Established in 2021, it's the only pizza restaurant in this charming lake town, situated just blocks from Crystal Lake. Currently operating year-round, the business offers significant potential for growth under new ownership. The sale includes the real property, a separate outbuilding suitable for future expansion (currently set up for a smokehouse), and all business assets. Recent upgrades include a new furnace, steel roof, steel siding, and a composite deck—all less than three years old. The restaurant's current semi-absentee operation allows for flexibility, and the possibility of seasonal operation offers further operational choices. The asking price is $325,000. This turnkey operation is ready for a new owner to implement their vision and capitalize on the existing strong foundation. The property's latitude and longitude coordinates are 43.2633242, -84.9165827 respectively.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.17 ac (7,418 SF)
    Zoning code COMPARE/LIST
    APN 005-610-006-00
    UPID US43-2800486
    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
    • Oliver's pizza planet 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
    George R Over · 13 yrs held
    George R Over
    since 2012
    3 recorded transactions
    2017
    2012
    $50,000
    2007
    $111,500
    Zoning & alternative use
    COMPARE/LIST · Crystal, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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