For Sale
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Property summary
This exceptional turnkey business opportunity presents a fully remodeled tavern located at 217 S Lafayette in the vibrant city of Greenville, MI. The 2,550 square foot building sits on a 0.07-acre lot and is priced at $599,990. A complete renovation was undertaken in 2021, resulting in a modern and efficient space. The fully equipped kitchen boasts new coolers and equipment, ensuring seamless operations. The bar features a centralized CO2 system for its beer tap systems, enhancing efficiency and reducing maintenance. A significant advantage lies in the potential for substantial additional income generation. The upper level offers space for two apartments, situated within the historical zone. This presents a unique opportunity to leverage potential funding programs for complete rehabilitation. Interested parties should contact the Greenville Chamber of Commerce for details regarding available funding programs and eligibility requirements. This property offers a rare blend of established business operations and significant upside potential, making it an ideal investment for savvy entrepreneurs seeking a profitable venture in a thriving community. The existing tavern provides immediate cash flow, while the apartment potential offers a pathway to further expand revenue streams. This is a truly unique opportunity to acquire a well-established business with significant growth potential. Don't miss this chance to own a piece of Greenville's thriving commercial landscape.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Greenville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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