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    OFF-MARKET
    Commercial real estate

    3163 Red Oak Rd, Lewiston, MI 49756-7539

    11.24 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US43-3545606
    Property summary
    AI-generated overview

    This exceptional 11.24-acre commercial property in Lewiston, Michigan, presents a unique investment opportunity. Located at 3163 N Red Oak Road, this 6,000 square foot special purpose building is ideally situated approximately three miles south of Garland on M-489, north of Miller Road, and conveniently accessible from the Lewiston trailhead. The property boasts a fully functional restaurant facility, ready for immediate operation. The existing restaurant layout includes seating for 114 patrons in the main dining area and an additional banquet room accommodating 71 guests. All necessary restaurant equipment is included in the sale, encompassing walk-in freezers and coolers, pizza ovens, additional ovens, fryers, and even silverware, allowing for a seamless transition into business. The expansive 11.24-acre parcel is surrounded by 20,000 acres of state land, offering a tranquil and expansive setting. This property's prime location and existing infrastructure provide significant potential for various commercial ventures beyond restaurant operations. The asking price is $199,000. The property's zip code is 49756, and it's located in Montmorency County. This is a rare opportunity to acquire a turn-key restaurant or develop a new commercial venture in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 11.24 ac (489,614 SF)
    APN 005-134-006-70
    UPID US43-3545606
    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
    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
    by Request
    Owner & transaction history
    LISA CARR
    LISA CARR
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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