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    OFF-MARKET
    Specialty properties

    5 Amvet Dr, Mount Clemens, MI 48043-2524

    5,311 SF 0.22 ac lot Built 1985
    Entity Owned ~ Est. High Equity
    Property ID
    US43-0050089
    Property summary
    AI-generated overview

    This exceptional turnkey opportunity presents a thriving banquet hall and restaurant in Mount Clemens, Michigan. Located at 5 Amvet Dr, 48043, this single-story, 5,311 square foot building is priced at $679,000 ($127.85/sq ft). The property includes all equipment and is beautifully updated both inside and out, representing a seamless transition for a new owner. Beyond the substantial indoor space, an additional 2,000 square feet of outdoor area provides ample room for events and expansion. The current owner is retiring after a long and successful tenure, making this a rare chance to acquire an established and well-maintained business. The property's prime location in Macomb County offers excellent visibility and accessibility. This is a truly remarkable opportunity for an investor seeking a profitable, established business with significant potential for continued growth. All aspects of the business are included in the sale price, making this a truly turnkey operation ready for immediate success. The property is situated in Mount Clemens, Michigan, offering a strong local market and convenient access to major transportation routes.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1985
    Total area 5,311 SF
    Lot 0.22 ac (9,757 SF)
    Zoning code MU
    APN 05-11-14-276-003
    UPID US43-0050089
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Riverhouse Banquet LLC
    Riverhouse Banquet LLC
    since 2025
    6 recorded transactions
    2025
    2019
    2013
    $205,000
    2005
    $150,000
    2005
    $120,000
    1969
    Zoning & alternative use
    MU · Mount Clemens, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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