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    OFF-MARKET
    Commercial real estate

    8200 Ludington Dr, Lake, MI 48632-8728

    0.35 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US43-3883854
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.35 ac (15,246 SF)
    APN 013-015-400-04
    UPID US43-3883854
    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
    Current use
    Occupant on record · Public records
    • Boxcar Diner Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    ETHAN E HONEYCUTT
    ETHAN E HONEYCUTT
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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