1027 4th Avenue, Lake Odessa, MI

$399,000

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2,310

Square feet

0.12

Acres

About 1027 4th Avenue

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.

Features of 1027 4th Avenue

MLS® # 70422421
Price $399,000
Square Footage 2,310
Acres 0.12
Year Built 1900
Type COM/IND/BUS OPP
Sub-Type Commercial/Industrial
Status Active
Source MLS MiRealSource
Originating MLS Greater Regional Alliance of REALTORS

Community Information

Address 1027 4th Avenue
Area Lake Odessa
City Lake Odessa
County Ionia
State MI
Zip Code 48849

Amenities

Features Furniture
Is Waterfront No

Interior

Heating Baseboard, Forced Air

Exterior

Roof Other-See Remarks, Rubber
Construction Aluminum, Block, Brick, Concrete
Foundation Basement

Additional Information

Foreclosure No
RE / Bank Owned No

Listing Details

OfficeAmplified Real Estate

Listing Map

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