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    Property profile & analytics
    OFF-MARKET Estimated value $580,000
    Commercial real estate

    424 Adrian St, Blissfield, MI 49228-1002

    14,596 SF 1.3 ac lot Built 1851
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1083804
    Property summary
    AI-generated overview

    This exceptional turnkey opportunity encompasses two thriving restaurants in Blissfield, Michigan: the Hathaway House and the Stable. This sale includes both established businesses, complete with all equipment, furniture, and fixtures. A valuable Michigan Resort Liquor Permit is also included, ensuring a seamless transition for the new owner. The property boasts a substantial 14,596 square feet of building space situated on a 1.47-acre lot (note: this acreage does not include two additional parcels detailed in attached MLS documents). Ample parking is available, accommodating well over 100 vehicles. The property has been meticulously maintained and is being offered due to the owners' retirement. The sale includes three parcels of land and an outbuilding, providing significant potential for expansion or future development. The Hathaway House and the Stable have a proven track record of success, serving customers from Toledo, Ann Arbor, Adrian, and the Downriver area. Financial information for both businesses is available upon request for qualified buyers. The total tax assessment reflects all three parcels. This is a rare opportunity to acquire a well-established and profitable restaurant complex in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1851
    Total area 14,596 SF
    Lot 1.3 ac (56,628 SF)
    Zoning code C-1
    APN BL2-460-0081-00
    UPID US43-1083804
    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
    • Salsa Bliss Food Processing Plant
    • David Carpenter House - Michigan State Historic Site Tour Operator
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $718k
    Blend (final) Blend
    $580k
    Owner & transaction history
    Crist Investments Company INC · 1 yrs held
    Crist Investments Company INC
    since 2025
    Last sale
    $440,000
    5 recorded transactions
    2025
    $440,000
    2017
    2006
    2005
    $750,000
    1969
    Zoning & alternative use
    C-1 · Blissfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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