Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Commercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
MU · Mount Clemens, MICommercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Commercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU in Mount Clemens, MI.
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