13,571SF Restaurant for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30524162
Property Subtypes: Restaurant
Building Size (RSF): 13,571 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $42.37 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/3/2021

Overview / Comments

13,571SF full service restaurant situated on 2.14 Acres. Sports bar, banquet and fine dining areas can handle up to 360 patrons.

Sports bar offers separate seating for 150 front dining room offers intimate seating for 90 and banquet seating for 125.

Ample parking on site. Class C Liquor License with entertainment permit separately available for $45,000, all FF&E included.

Ongoing concern with annual sales $1.0M+/-.

Location is 1/2 mile south of I-96/I-69 Lansing Rd interchange. Located in front of State of MI secondary complex. MI State Police HQ and training Center. Close to GM Delta Plant several large employer base in Delta and Windsor Twp. Strong Traffic
Counts and daytime Population.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Eaton
Tax ID/APN: 080-009-200-053-01
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,597 33,462 117,166
Median Age: 29.44 37.85 36.81
Households: 710 13,615 49,738


Photograph of Listing Agent

Shawn O'Brien, CCIM

Colliers International
CARWM Member
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