Property summary
This exceptional 1,000-square-foot restaurant property, located at 8200 W Ludington Dr in Lake, Michigan (48632), presents a unique owner-user investment opportunity. Situated on a sizable 0.35-acre lot, this vacant building offers significant potential for a variety of uses. Built in 1940, the single-story structure boasts a prime location on a busy corner, ensuring high visibility and accessibility. The property's previous use as a restaurant and family residence is reflected in the existing equipment, included in the sale price of $200,000. The spacious lot allows for ample parking and potential expansion. The property is ready for immediate occupancy, with an anticipated occupancy date of November 6, 2024. This turnkey restaurant space is ideal for an aspiring entrepreneur or seasoned investor seeking a high-traffic location in a thriving community. The property's history as a successful restaurant, combined with its prime location and substantial lot size, makes it an attractive investment prospect. Don't miss this chance to own a piece of Lake, Michigan's vibrant commercial landscape. The property consists of one building and one unit. Clare County location.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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