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    Property profile & analytics
    OFF-MARKET Estimated value $505,000
    Turn key restaurants

    404 Main St, Belleville, MI 48111-2648

    6,026 SF 0.19 ac lot Built 1989
    Entity Owned 26-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1618664
    Property summary
    AI-generated overview

    This exceptional turnkey restaurant opportunity is located at 404 MAIN in the heart of Belleville, Michigan. Boasting 6,026 square feet on a 0.19-acre lot, this established business benefits from a prime downtown location, placing it at the center of all city events, celebrations, parades, and car shows. The property includes a recently expanded parking lot, ensuring ample space for patrons. The sale price of $990,000 includes a valuable liquor license, significantly reducing the hurdles for a new owner. All kitchen equipment is included in the sale, along with walk-in coolers and freezers, ensuring a smooth transition. The restaurant features ample seating and a wrap-around bar, providing versatile space for dining and socializing. Large windows offer excellent visibility and views from the front and sides of the building. This is a rare opportunity to acquire a well-established, fully equipped restaurant in a vibrant downtown location with significant potential for continued success. The combination of prime location, included assets, and existing customer base makes this a truly smart investment.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1989
    Total area 6,026 SF
    Lot 0.19 ac (8,276 SF)
    APN 31 084 01 0259 000
    UPID US43-1618664
    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
    by Request
    Comparable Approach Comparable
    $507k
    Blend (final) Blend
    $505k
    Owner & transaction history
    CYPE LLC
    CYPE LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $660,000 +6.1%
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