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Property summary
This exceptional Lakeview, MI property offers a unique investment opportunity combining a 785 sq ft industrial building on a 0.25-acre lot with a highly successful, established culinary business. Located at 9743 N Greenville, the property boasts impressive gross sales exceeding $380,000, demonstrating a strong and consistent revenue stream. The business itself is a turnkey operation, meaning it's ready to continue generating income immediately. The existing restaurant has cultivated a loyal customer base through its unique menu featuring proprietary recipes and a welcoming atmosphere. The building itself provides ample space for the current operations and offers potential for expansion or adaptation to other uses within the industrial zoning parameters. The property's location in a busy small town ensures high visibility and convenient access for customers. This is a rare chance to acquire a profitable, established business with a solid track record, coupled with a well-situated industrial building, making it an attractive proposition for both seasoned entrepreneurs and those new to the food service industry. Financial records are available upon request to qualified buyers. The sale includes all existing equipment and fixtures necessary for the continued operation of the restaurant. This is a truly remarkable opportunity to own a thriving business and a valuable piece of commercial real estate in a desirable location. The asking price for this turnkey operation is $395,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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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
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R-R · Lakeview, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for R-R in Lakeview, MI.
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