3163 Red Oak RdLewiston, MI 49756

  • Commercial real estate
  • 11.24 AC
For Sale
$199,000 View listing

Property Details for 3163 Red Oak Rd

Lot size
11.24 AC
Property type
Commercial real estate
APN
005-134-006-70
APU
513400670

Description

This exceptional 11.24-acre commercial property in Lewiston, Michigan, presents a unique investment opportunity. Located at 3163 N Red Oak Road, this 6,000 square foot special purpose building is ideally situated approximately three miles south of Garland on M-489, north of Miller Road, and conveniently accessible from the Lewiston trailhead. The property boasts a fully functional restaurant facility, ready for immediate operation. The existing restaurant layout includes seating for 114 patrons in the main dining area and an additional banquet room accommodating 71 guests. All necessary restaurant equipment is included in the sale, encompassing walk-in freezers and coolers, pizza ovens, additional ovens, fryers, and even silverware, allowing for a seamless transition into business. The expansive 11.24-acre parcel is surrounded by 20,000 acres of state land, offering a tranquil and expansive setting. This property's prime location and existing infrastructure provide significant potential for various commercial ventures beyond restaurant operations. The asking price is $199,000. The property's zip code is 49756, and it's located in Montmorency County. This is a rare opportunity to acquire a turn-key restaurant or develop a new commercial venture in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $102,356,680
    Hospitality
    $93,758,168
    Educational
    $78,005,696
    Medical
    $80,688,432
    Retail
    $121,342,192

Location Insight

City
Lewiston
County
Oscoda
State
Michigan
Latitude
44.7741
Longitude
-84.3122

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
$3,451
-
-
$121,300
-
-
-
$242,600

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