728 7Th StEvart, MI 49631

Property Details for 728 7Th St

Lot size

0.57 AC

Property type

Commercial real estate

APN

51 733 002 00

APU

5173300200

Description

This exceptional turnkey opportunity presents a chance to acquire a well-established and successful seasonal restaurant in Evart, Michigan. Located at 728 W 7th St, this property boasts a prime location and significant potential for growth. The 700 square foot building sits on a sizable 0.57-acre lot (24,829 square feet), offering ample space for outdoor seating or expansion. Currently operating as Mishler's Drive-In, the business is known for its strong reputation and loyal customer base. The asking price for both the real estate and the operational business is $240,000, translating to a price per square foot of $342.86. This single-story building presents a unique opportunity for an owner-operator or investor seeking a profitable venture in a desirable location. The property's current owners are retiring, making this a rare chance to acquire a ready-to-go business with established clientele. The single-tenant building is ideal for a seamless transition and immediate revenue generation. This is a remarkable opportunity to step into an existing successful business and capitalize on its established market presence in Evart, Michigan, zip code 49631. The property is situated in Osceola County and offers a strong foundation for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $5,139,490

  6.5%

  $4,744,140

  7%

  $4,405,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,233,980

  Geo Method

  $3,233,980

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,744,890

  Retail / Commercial

  $4,600,860

  Mixed-Use / Specialty

  $4,676,280

  Hospitality / Lodging

  $3,550,390

  Office

  $4,744,140

  Institutional / Educational

  $4,894,270

  Residential Income

  $5,726,290

  Multifamily

  $6,358,750

  Automotive / Energy

  $4,195,080

  Parking / Income-Based Land

  $1,356,950

  Restaurant / Food Service

  $2,628,140

  Healthcare / Senior Housing

  $4,701,280

Location Insight

City

Evart

County

Osceola

State

Michigan

Latitude

43.9009

Longitude

-85.2694

Property Tax & Assessments

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