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1027 4th Avenue

Lake Odessa Vlg, MI 48849
  • $399,000
  • STATUS: Active
  • ON SITE: 198 Days
  • ID#: 65024039972
UPDATED: 108 min ago
$399,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,310
    SQFT
  • $173
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Zoning:
Other
Lot Size Dimensions:
44x123

School Ratings & Info

School District:

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

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IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-02-17T05:15:11.87.
www.prettyhomerealty.com/homes/153232530
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1027 4th Avenue Lake Odessa Vlg, MI 48849

  • Price: $399,000
  • Status: Active
  • On Site: 198 Days
  • Updated: 108 min ago
  • ID#: 65024039972
0
Beds
0
Baths
0
½ Baths
0.12
Acres
2,310
SQFT
$173
$/SQFT
1900
Built
Neighborhood:
Lake Odessa Vlg
County:
Ionia
Area:
Lake Odessa Vlg
School District:
LAKEWOOD
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
Exterior Features

Construction Materials AluminumBlock/Concrete/MasonryBrick Foundation Details Basement Foundation Materials Stone Lot Size Dimensions 44x123 Road Frontage Feet 44 Road Frontage Type Paved Roof Material OtherRubber Waterfront YN No

Interior Features

Heating Cooling BaseboardForced Air Heating Fuel ElectricNatural Gas Room Count 0

Property Features

Business Type Retail Commercial Type Business And Real Estate Current Use RestaurantRetail Gross Scheduled Income 612927.33 Inventory Included YN Yes Land Contract YN No Listing Financing Assumable (Asm-Lend App)CashConventional Net Operating Income 96090.47 Operating Expense 270343.34 Ownership Status Private Owned Possession At Close Postal City Lake Odessa Settlement Village Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 2883.6800 Title Corporate/Relocation Total Tax 2883.6800 Unparsed Address 1027 4th Avenue Water Source Public (Municipal) Zoning Other

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Amplified Real Estate: (269) 509-2254 and Greater Regional AOR MLS, ©2025 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-02-17T05:15:11.87.
 
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