3251 Orch Lk Rd Keego Harbor, MI 48320-1316
- Turn key restaurants
- 4,094 SF
- 0.89 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 3251 Orch Lk Rd
- Year built
- 1958
- Lot size
- 0.89 lot acres
- Property size
- 4,094 SF
- Zone code
- BI
- Property type
- Turn key restaurants
- APN
- 36-18-02-479-065
- APU
- 361802479065
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $610,000
- 6.5%
- $625,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $670,000
- Geo Method
- $665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $655,000
- Retail
- $560,000
- Mixed-Use
- $660,000
- Hospitality
- $645,000
- Educational
- $635,000
- Residential Income
- $625,000
- Energy
- $570,000
- Income-Based Land
- $540,000
- Food Service
- $605,000
Location Insight
- Map
- Local Demand
- City
- Keego Harbor
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3482
- Latitude
- 42.6029
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
