MI > Lake Odessa Vlg
Lake Odessa Vlg, MI 48849,1027 4th Avenue
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Lake Odessa Vlg, MI 48849,1027 4th Avenue
Lake Odessa Vlg, MI 48849,1027 4th Avenue
Lake Odessa Vlg, MI 48849,1027 4th Avenue
Lake Odessa Vlg, MI 48849,1027 4th Avenue
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Tim Sova

Tim Sova

+1(810) 844-2316
$ 399,000
Est. payment /mo
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1027 4th Avenue Lake Odessa Vlg, MI 48849

2,310 SqFt

UPDATED:

08/08/2024 03:34 PM

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 2,310 sqft

Price per Sqft $172

MLS Listing ID 65024039972

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1900

Annual Tax Amount $2,883

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 44x123

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.To access financial statements and documents, please submit a request here: https://buildout.com/connect/sharing/lakeo?view_locked_docs=true

Location

State MI

County Ionia

Area Lake Odessa Vlg

Zoning Other

Direction M-50 to 4th Ave, North on 4th Ave

Interior

Heating Baseboard, Forced Air

Heat Source Electric, Natural Gas

Exterior

Roof Type Other,Rubber

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Aluminum,Block/Concrete/Masonry,Brick

Schools

School District Lakewood

Others

Tax ID 10120000035501

Ownership Private Owned

Acceptable Financing Assumable (Asm-Lend App), Cash, Conventional

Listing Terms Assumable (Asm-Lend App), Cash, Conventional

Financing Assumable (Asm-Lend App),Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

Realcomp MLS
©2024 Realcomp II Ltd. Shareholders
Listed by Steven J Lambert of Amplified Real Estate

Tim Sova

Broker Associate

+1(810) 844-2316

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