75 Carleton Rd Hillsdale, MI 49242-1201
This exceptional turnkey restaurant opportunity is located at 75 W Carleton, Hillsdale, MI, on a high-traffic road (M-99/W Carleton Rd) boasting over 13,700 vehicles daily. The property encompasses 2,356 square feet on a 0.83-acre lot, offering ample parking for approximately 50 vehicles and seating for roughly 90 patrons. This award-winning establishment has undergone significant renovations in 2015 and 2018, including a new roof, HVAC system, seating upgrades, updated equipment, refrigeration system, and a generator. The sale includes the real estate, the established business, and its intellectual property, ensuring a seamless transition for the new owner. A prominent monument LED sign on M-99 provides excellent visibility, attracting a steady stream of customers. The business benefits from a strong local market, with year-over-year increases in area dining visits of 11%. Hillsdale County's natural beauty, featuring 350 lakes and ponds and the headwaters of five major rivers, adds to the area's appeal. The asking price for this thriving business is $695,000. This is a rare opportunity to acquire a well-established, profitable restaurant in a desirable location.
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Finish Line Family 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 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.