Property profile

3251 Orch Lk Rd Keego Harbor, MI 48320

OFF-MARKET
Turn key restaurants
Property ID
US43-1404525
4,094 SF 0.89 ac lot Built 1958
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity in Keego Harbor, Michigan, presents a rare chance to acquire a well-established business with a rich history. Located at 3251 Orchard Lake Road, this single-story, 4,094 square foot building sits on a 0.89-acre lot, offering ample space for both indoor and outdoor operations. The property boasts a large bar and dining area with seating for up to 120 patrons, making it ideal for a variety of restaurant concepts. The building includes a functional basement area, adding to its versatility. The property benefits from a prime location on Orchard Lake Road and the added advantage of backing up to a park, providing a serene and attractive setting. The restaurant has been operating successfully for over 50 years under the same family ownership, demonstrating its enduring appeal and strong customer base. A significant asset is the inclusion of a valid liquor license, a valuable component for any restaurant business. The property features a newer HVAC system, ensuring efficient and comfortable operation. The asking price for this exceptional opportunity is $1,250,000. This is a unique chance to acquire a thriving business with significant potential for growth in a desirable location. Don't miss this chance to own a piece of Keego Harbor's history.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Total area 4,094 SF
Lot 0.89 ac (38,768 SF)
Zoning code BI
APN 36-18-02-479-065
UPID US43-1404525

Cap rate & NOI

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

Location

3251 Orch Lk Rd Keego Harbor, MI 48320-1316
Keego Harbor metro Census 154200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
by Request
Comparable Approach Comparable
$604k
Blend (final) Blend
$650k

Owner & transaction history

since 2024
Last sale
$650,000
2 recorded transactions
2024
$650,000
2023
$750,000

Zoning & alternative use

BI · Keego Harbor, MI
Top alternative use upside
Commercial (general) $720,000 +1.8%

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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