MI > Lake Odessa
Lake Odessa, MI 48849,1027 4th AVE
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Lake Odessa, MI 48849,1027 4th AVE
Lake Odessa, MI 48849,1027 4th AVE
Lake Odessa, MI 48849,1027 4th AVE
Lake Odessa, MI 48849,1027 4th AVE
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Tim Sova

Tim Sova

+1(810) 844-2316
$ 399,000
Est. payment /mo
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Active

1027 4th AVE Lake Odessa, MI 48849

2 Baths

2,310 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 2,310 sqft

Price per Sqft $172

MLS Listing ID 65024039972

Year Built 1900

Property Sub-Type BusinessandRealEstate

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 Area34142Lakeodessavlg

Rooms

Basement CommonStorageLocker, Full

Interior

Heating Baseboard, Electric, ForcedAir, NaturalGas

Exterior

Parking Features Gravel

Utilities Available ElectricityConnected, NaturalGasConnected, PhoneConnected

View Y/N No

Roof Type Other, Rubber

Building

Foundation Basement, Stone

Sewer PublicSewer

Water Public

Schools

School District Lakewood

Others

Ownership LLC

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Special Listing Condition Standard

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Steven J Lambert of Amplified Real Estate
Tim Sova

Tim Sova

Broker Associate

+1(810) 844-2316

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