1027 4th Avenue, Lake Odessa, MI 48849 (MLS # 24039972)

PRICE	$399,000
SIZE	2,310 sqft
LOT SIZE	5,228 sqft

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.

DAYS ON MARKET	82	LAST UPDATED	8/1/2024
YEAR BUILT	1900	COMMUNITY	Grand Rapids - G
COUNTY	Ionia	STATUS	Active
PROPERTY TYPE(S)	Commercial

ADDITIONAL DETAILS
AREA	Grand Rapids - G
BASEMENT	Full, Yes
CONSTRUCTION	Aluminum Siding, Brick
HEAT	Baseboard, Forced Air
LOT	5227 sq ft
LOT DIMENSIONS	44x123
SEWER	Public Sewer
STORIES	1
TAXES	2883.68
UTILITIES	Natural Gas Available, Phone Connected, Natural Gas Connected, Electricity Connected
WATER	Public
ZONING	C

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Listing provided by Amplified Real Estate, Steven J Lambert

Updated 10/22/24 11:00 AM PDT

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