115 State StFife Lake, MI 49633

  • Turn key restaurants
  • 968 SF
For Sale
$350,000 View listing

Property Details for 115 State St

Lot size
0.14 AC
Property size (Sq ft)
968 SF
Property type
Turn key restaurants
APN
41-070-069-10
APU
4107006910

Description

This exceptional turnkey restaurant opportunity in the charming historic village of Fife Lake, Michigan presents a unique chance to acquire a well-established business with significant upside. Located at 115 E State St, Fife Lake, MI 49633, this 1,136 square foot property is offered at $350,000 ($308.10/sq ft). The restaurant has served the community for decades, building a loyal customer base known for its delicious breakfast menu and baked goods, creating a friendly atmosphere for both locals and tourists. The sale includes the real estate, building, equipment, inventory, and much of the vintage décor. Currently operating as a breakfast-only establishment, there's substantial potential for revenue growth by expanding to lunch and dinner service, leveraging the existing two pizza ovens. This is a private owner sale, offering a seamless transition for the new owner. The property is situated in Grand Traverse County and enjoys a prime location within the village. This is a rare opportunity to own a thriving business with a strong foundation and significant room for expansion in a desirable Michigan community.

Location Insight

City
Fife Lake
County
Grand Traverse
State
Michigan
Latitude
44.5767
Longitude
-85.3492
CBSA code
45900
CBSA name
TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,306
-
-
$68,500
-
-
-
$144,356

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