1027 4th Avenue, Lake Odessa, MI 48849
2|Other
THB ฿12,963,709
USD $399,000
Published on: 02 Aug 2024
Last updated on: 24 Sep 2024
Property ID: 110093611549
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Key property information
Land Size
485.62 m2
Retail/Commercial - Lake Odessa, MI
1027 4th Avenue, Lake Odessa, MI 48849
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.
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Other
Listing Status
Active
Land Size
485.62 m2
Building Size
214.61 m2
Year Built
1900
Rooms
2 bathroom(s)
Architecture Style
Other
Building Unit Count
2
County
Ionia
Parcel ID
101-200-000-355-01
Provider
Amplified Real Estate
Brokerage Office Name
Amplified Real Estate
Brokerage Office Phone
269-509-2254
Neighbourhoods
Grand Rapids - G
Address
1027 4th Avenue, Lake Odessa, MI 48849
Nearby Schools
| Type | School name | District name |
|---|---|---|
| Elementary | Not available | Lakewood |
| High | Not available | Lakewood |
| Juniorhigh | Not available | Lakewood |
| Middle | Not available | Lakewood |
Tax History
| Year | Tax amount | |
|---|---|---|
| 2024 | USD $2883.68 | THB ฿93,692* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither thinkofliving.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. thinkofliving.com recommends that you independently verify any information before relying on it.
Contact Agent
Steven Lambert
Contact Agent
Contact Agent
Email enquiry to Amplified Real Estate
Steven Lambert
905 Bruce Drive, Middleville, MI 49333
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Property ID: 110093611549
Data provided by Amplified Real Estate, MLS #: 24039972
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