1071 32Nd StAllegan, MI 49010

Property Details for 1071 32Nd St

Year built

1880

Lot size

3.59 AC

Property size (Sq ft)

18,018 SF

Property type

Turn key restaurants

APN

21-004-012-10

APU

2100401210

Description

This exceptional 35,880 square foot industrial property in Allegan, Michigan presents a rare investment opportunity. The property encompasses a thriving restaurant, known as "The Grill House," complete with a unique "grill-your-own" concept and a full-service bar called the Rock Bottom Bar. The sale includes the established restaurant business, its accompanying outdoor seating area, and a separate, highly sought-after event venue – the Silo – perfect for weddings and banquets. A fully equipped commercial kitchen and catering operation are also included, ensuring a seamless transition for the new owner. The Grill House boasts a strong reputation, having been featured on prominent travel channels. Beyond the commercial aspects, the property boasts 22.3 acres of picturesque land, providing ample space and a tranquil setting. The grounds include a charming gazebo and a fully stocked pond, adding to the overall appeal and potential for further development or expansion. This turnkey operation offers a diverse revenue stream and significant potential for growth in a desirable location. The property's size and versatile nature make it an ideal investment for entrepreneurs seeking a unique and established business with significant expansion possibilities. The combination of a successful restaurant, a premier event venue, and extensive acreage presents a truly exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,399,438

  6.5%

  $3,137,942

  7%

  $2,913,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,914,048

  Geo Method

  $5,914,048

• Alternative Use

  Use

  Valuation

  Residential

  $2,646,972

  Hospitality

  $2,424,612

  Educational

  $2,017,249

  Medical

  $2,086,625

  Retail

  $3,137,942

Location Insight

City

Allegan

County

Allegan

State

Michigan

Latitude

42.4977

Longitude

-85.8572

CBSA code

26090

CBSA name

HOLLAND, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].