Property profile

9483 Genesee St New Lothrop, MI 48460

OFF-MARKET
Other commercial real estate
Property ID
US43-2389407
0.28 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is an established restaurant and bar with an approximately 1,400-square-foot commercial kitchen. The kitchen is equipped with two cook lines and includes flat tops, a range, fryers, ovens, and a BIB system. Guest space is arranged into three sections: a main bar, a central dining room with a built-in buffet and salad bar, and a knotty-pine banquet area that includes a second bar; the banquet area functions as an events and overflow dining space. Recent improvements include a granite bar with stone accents and updates to condensers and exhaust serving both a walk-in cooler and a walk-in freezer. Select kitchen and bar equipment is included as part of the property’s operating setup.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.28 ac (12,197 SF)
APN 004-60-005-013
UPID US43-2389407

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Corporate Office

Location

9483 Genesee St New Lothrop, MI 48460-9799
New Lothrop metro Census 30100 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k

Owner & transaction history

since 2021
Last sale
$100,000
4 recorded transactions
2021
Price N/A
2021
Price N/A
2020
$100,000
2018
$137,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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