7467 Houghton Lk Rd, Merritt, MI 49667-9786
This exceptional business opportunity presents the chance to own the well-established Merritt Auction House, a community staple situated on a high-visibility corner lot (almost 4 acres) at the intersection of M-55 and S. Merritt Rd in Merritt, MI. The property boasts over 4,144 square feet of versatile space, currently configured as a restaurant and auction house. The sale includes all existing contents, encompassing tables, chairs, and a fully equipped kitchen. A significant advantage is the inclusion of both a liquor license and a to-go license, streamlining operations. The building features a spacious dining area, a bar, separate men's and women's restrooms, a recreation area complete with a pool table, and three convenient public entrances, plus a private kitchen entrance. The property's zoning allows for expansion, with pre-approved plans for a gas station or convenience store. The existing septic system has been updated and is capable of supporting a substantial expansion to accommodate a gas station or truck stop in addition to the existing restaurant and bar. A land contract option is available for qualified buyers. This turnkey operation offers a unique blend of established business and significant expansion potential in a prime location.
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Merritt Auction House Bar and Grill/Corner Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.