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404 Main St Belleville, MI 48111-2648

OFF-MARKET Turn key restaurants Google Maps
6,026 SF 0.19 ac lot Built 1989
Entity Owned 26-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$245k
Range $221k – $270k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$507k
Blend (final) Blend
$245k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $660,000 +6.1%

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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