Property profile

23018 S Shore Dr Edwardsburg, MI 49112

FOR SALE
Commercial land
Property ID
US43-2640853
0.11 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This property is configured as a restaurant space totaling approximately 7,000 square feet, split evenly between an upstairs level and a downstairs level, each providing about 3,500 square feet. A full-service bar is located on the downstairs level. The building sits on a lot of more than 1.5 acres, with outdoor area available for dining. The premises have been used as a restaurant since 1960, originally operating as the Eagle Park Inn and later operating as Stacy’s since 1990. The building and supporting restaurant features include the property, the premises’ equipment, and a Class C license.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.11 ac (4,792 SF)
APN 14-090-085-002-00
UPID US43-2640853

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

23018 S Shore Dr Edwardsburg, MI 49112
Edwardsburg metro Census 1200 SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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