MI > Lake Odessa > Mi
Lake Odessa, MI 48849,1027 4th Avenue
Lake Odessa, MI 48849,1027 4th Avenue
Lake Odessa, MI 48849,1027 4th Avenue
Lake Odessa, MI 48849,1027 4th Avenue
Lake Odessa, MI 48849,1027 4th Avenue
Lake Odessa, MI 48849,1027 4th Avenue
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Jackie Jones Kapuscinski

Jackie Jones Kapuscinski

+1(419) 260-2806
$ 399,000
Est. payment | /mo

2,310 SqFt

Save
$ 399,000
Est. payment | /mo
Save

2,310 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 2,310 sqft

Price per Sqft $172

Subdivision Mi

MLS Listing ID 70422421

Year Built 1900

Annual Tax Amount $2,883

Tax Year 2023

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 44x123

Property Sub-Type Commercial/Industrial

Property Description

Discover an exceptional business investment and management opportunity in the heart of Lake Odessa, MI.C&R's Homestyle Restaurant, in business for over a decade, is one of ''Lake O's'' most popular dining destinations, boasting a current EBITDA of over $150K, with an average 3-year EBITDA of over $130K, and an annual revenue growth of 5-10% - bringing its 2023 revenue total to over $600K.Run by a single owner-operator, plenty of expansion opportunities are available, along with a second-story unfinished apartment that is ready to renovate and lease.Extremely popular with locals, sold at a 1.75 EBITDA multiple, and with real estate listed at just $125K, this business is priced to sell to its next owner.

Location

State MI

County Ionia

Area Lake Odessa (34021)

Interior

Heating Baseboard, Forced Air

Exterior

Roof Type Other-See Remarks,Rubber

Building

Foundation Basement

Water Public Water

Structure Type Aluminum,Block,Brick,Concrete

Others

Ownership LLC

Energy Description Electric,Natural Gas

Financing Assumption,Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Amplified Real Estate
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(419) 260-2806

jackie@jackiejonesrealtor.com

1910 IndianWood Circle, Maumee, OH, 43537

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1027 4th Avenue