134 Ashman St
5,350 SF Retail Building Midland, MI 48640 $999,000 ($186.73/SF)



INVESTMENT HIGHLIGHTS
- Great location to invest in retail space or to take over existing restaurant business
EXECUTIVE SUMMARY
Discover an exceptional opportunity in downtown Midland with this prime property featuring a thriving fine dining restaurant and two fully furnished, remodeled apartments upstairs. Spanning 5350 square feet, the building includes 2700 square feet dedicated to the restaurant space.Key Features:* Restaurant: A successful fine dining establishment with a loyal customer base, fully equipped kitchen, and a dining area that exudes elegance and comfort.* Apartments: Two fully furnished and remodeled apartments upstairs, offering additional income potential or personal use. Each apartment includes modern amenities and access to a private rooftop patio.* Assets Included: The sale includes a valuable liquor license, established recipes, and high-quality kitchen equipment, allowing for a seamless transition of ownership.* Location: Situated in downtown Midland, a bustling area known for its vibrant atmosphere and steady foot traffic, ensuring visibility and accessibility for patrons. Whether you're looking to continue the tradition of fine dining excellence or pursue your dream business venture, this property provides the ideal foundation. With its prime location, comprehensive amenities, and established business, it's a rare opportunity in the heart of Midland's commercial district.
BUSINESS ONLY AVAILABLE FOR $350,000- Seize the opportunity to own a thriving fine dining restaurant renowned for its exquisite cuisine and exceptional service. This established gem boasts a loyal clientele and a stellar reputation, making it a prime investment for aspiring restaurateurs or seasoned professionals. Key Features:Bustling area with high foot traffic and visibility, attracting both locals and tourists. Fully Equipped: All inventory, state-of-the-art kitchen equipment, elegant furnishings, and tasteful decor included, allowing for a seamless transition. Signature Recipes: Benefit from a curated collection of exclusive recipes that have garnered rave reviews and repeat business. Ambiance: The restaurant offers a sophisticated yet inviting atmosphere, perfect for special occasions or casual dining alike. Strong Financials: Solid revenue streams with consistent growth year over year, making this a sound investment. This is more than just a restaurant; it’s a legacy waiting for the right owner to take it to the next level.
BUSINESS ONLY AVAILABLE FOR $350,000- Seize the opportunity to own a thriving fine dining restaurant renowned for its exquisite cuisine and exceptional service. This established gem boasts a loyal clientele and a stellar reputation, making it a prime investment for aspiring restaurateurs or seasoned professionals. Key Features:Bustling area with high foot traffic and visibility, attracting both locals and tourists. Fully Equipped: All inventory, state-of-the-art kitchen equipment, elegant furnishings, and tasteful decor included, allowing for a seamless transition. Signature Recipes: Benefit from a curated collection of exclusive recipes that have garnered rave reviews and repeat business. Ambiance: The restaurant offers a sophisticated yet inviting atmosphere, perfect for special occasions or casual dining alike. Strong Financials: Solid revenue streams with consistent growth year over year, making this a sound investment. This is more than just a restaurant; it’s a legacy waiting for the right owner to take it to the next level.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,350 SF
Building Class
C
Year Built
1920
Price
$999,000
Price Per SF
$186.73
Tenancy
Single
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
Commercial/ Mixed Use - Commercial Zoned District Mixed Use District
Parking
10 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
30’ on Ashman
AMENITIES
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS







PROPERTY TAXES
Parcel Number | 14-16-50-446 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $164,900 |