116 Main StMiddleville, MI 49333

Property Details for 116 Main St

Year built

1987

Lot size

0.11 AC

Property size (Sq ft)

2,380 SF

Property type

Turn key restaurants

APN

08-41-013-008-00

APU

84101300800

Description

Champs Bar and Grill, a well-established restaurant and bar serving the Greater Grand Rapids area for decades, presents a unique investment opportunity. Located in the heart of Middleville, this thriving business boasts a loyal customer base and consistent revenue stream. The property includes a substantial 4,788 square foot building situated on a 0.11-acre lot, offering ample parking for patrons. The building itself is in excellent condition, meticulously maintained and regularly serviced, ensuring a smooth transition for the new owner. The sale includes all existing furniture, equipment, and a valuable liquor license, making this a truly turnkey operation. The property features both upper and lower level outdoor seating areas, expanding capacity and enhancing the customer experience. This is a rare chance to acquire a profitable, established business with significant potential for continued growth in a desirable location. The asking price is $695,000. This represents a compelling investment in a well-regarded and successful business. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $218,865

  6.5%

  $202,029

  7%

  $187,599

• Comparable approach

  Method

  Valuation

  Relative Method

  $781,187

  Geo Method

  $781,187

• Alternative Use

  Use

  Valuation

  Residential

  $170,419

  Hospitality

  $156,103

  Educational

  $129,876

  Medical

  $134,343

  Retail

  $202,029

Location Insight

City

Middleville

County

Barry

State

Michigan

Latitude

42.7116

Longitude

-85.464

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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