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18089 W State St

8,950 SF Retail Building Vandalia, MI 49095 $295,000 ($33/SF)

Investment Highlights

  • TERRIFIC BUSINESS OPPORTUNITY. LONG STANDING RESTAURANT LOCATED ON BUSY M-60 CLOSE TO SEVERAL PREMIER LAKES.
  • TREMENDOUS POTENTIAL FOR THE ASPIRING ENTREPRENEUR.
  • Seating for over 150 patrons with a bar & dining area, plus a banquet room ideal for weddings, graduation and birthday parties.

Executive Summary

TERRIFIC BUSINESS OPPORTUNITY. LONG STANDING RESTAURANT LOCATED ON BUSY M-60 CLOSE TO SEVERAL PREMIER LAKES INCLUDING DIAMOND, DONNELL,BIRCH, SHAVEHEAD AND SEVERAL OTHERS. There is seating for over 150 patrons with a bar & dining area, plus a banquet room ideal for weddings, graduation and birthday parties. The building sits on almost 1 acre with parking for dozens of cars and there is also an outdoor deck and patio with a bandstand for outside entertainment and dining. Property is being sold turnkey with all equipment, fixtures and inventory. In addition, there is an upstairs apartment available for rental income. There are several new businesses employing hundreds of workers soon to be up and running down the highway in Cassopolis. TREMENDOUS POTENTIAL FOR THE ASPIRING ENTREPRENEUR.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Bar
Building Size
8,950 SF
Building Class
C
Year Built
1955
Price
$295,000
Price Per SF
$33
Tenancy
Single
Building Height
2 Stories
Building FAR
0.10
Lot Size
2.00 AC
Zoning
Commercial - General Commerical Zoning
Parking
115 Spaces (12.85 Spaces per 1,000 SF Leased)
Frontage
107 FT on W State St

Amenities

  • Restaurant

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-101-100-036-01
Land Assessment
$11,400
Improvements Assessment
$55,100
Total Assessment
$66,500
  • Listing ID: 32920745

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 18089 W State St, Vandalia, MI 49095

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