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Property profile & analytics
FOR SALE
Commercial real estate

370 N State St Sparta, MI 49345

1,976 SF 0.51 ac lot Built 1955
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US43-1286922
Property summary
AI-generated overview

This exceptional opportunity presents the chance to acquire a well-established restaurant located at 370 N State Street in Sparta, Michigan. Spanning 1,374 square feet on a 0.51-acre lot, this property boasts a rich history, having been under the same ownership for over two decades. The restaurant has cultivated a strong reputation within the community, particularly among military personnel. The sale includes all existing equipment, allowing for a seamless transition and immediate operation. The business is currently thriving and benefits from its long-standing presence and loyal customer base. The sale price is $474,000. New flooring was recently installed on November 24th, 2025. The property's established name and brand recognition are significant assets, offering immediate market penetration and brand loyalty. This turnkey operation presents a unique opportunity for an experienced restaurateur or a first-time business owner seeking a proven model. The seller is open to exploring a land contract, providing a flexible financing option for qualified buyers. This is a rare chance to own a piece of Sparta's culinary heritage and build upon a successful, established business. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1955
Total area 1,976 SF
Lot 0.51 ac (22,216 SF)
Zoning code VGC
APN 41-05-14-301-002
UPID US43-1286922
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
Current use
Occupant on record · Public records
  • Maxine's Family Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Maxines Family Restaurant INC · 17 yrs held
Maxines Family Restaurant INC
since 2008
4 recorded transactions
2008
Price N/A
2000
$110,000
1999
Price N/A
1969
Price N/A
Zoning & alternative use
VGC · Sparta, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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