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1027 4th

Lake Odessa, MI 48849
  • $399,000
  • STATUS: Active
  • ON SITE: 197 Days
  • MLS #: 24039972
$399,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,310
    SQFT
  • $173
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Discover an exceptional business investment and management opportunity in the heart of Lake Odessa, MI.C&R's Homestyle Restaurant, in business for over a decade, is one of ''Lake O's'' most popular dining destinations, boasting a current EBITDA of over $150K, with an average 3-year EBITDA of over $130K, and an annual revenue growth of 5-10% - bringing its 2023 revenue total to over $600K.Run by a single owner-operator, plenty of expansion opportunities are available, along with a second-story unfinished apartment that is ready to renovate and lease.Extremely popular with locals, sold at a 1.75 EBITDA multiple, and with real estate listed at just $125K, this business is priced to sell to its next owner.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-14T23:49:06.97.
www.sellsmi.com/homes/153222933
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1027 4th Lake Odessa, MI 48849

  • Price: $399,000
  • Status: Active
  • On Site: 197 Days
  • MLS #: 24039972
0
Beds
0
Baths
0
½ Baths
0.12
Acres
2,310
SQFT
$173
$/SQFT
1900
Built
Neighborhood:
Lake Odessa (34021)
County:
Ionia
Area:
Lake Odessa (34021)
Property Description
Discover an exceptional business investment and management opportunity in the heart of Lake Odessa, MI.C&R's Homestyle Restaurant, in business for over a decade, is one of ''Lake O's'' most popular dining destinations, boasting a current EBITDA of over $150K, with an average 3-year EBITDA of over $130K, and an annual revenue growth of 5-10% - bringing its 2023 revenue total to over $600K.Run by a single owner-operator, plenty of expansion opportunities are available, along with a second-story unfinished apartment that is ready to renovate and lease.Extremely popular with locals, sold at a 1.75 EBITDA multiple, and with real estate listed at just $125K, this business is priced to sell to its next owner.
Exterior Features

Exterior Construction AluminumBlockBrickConcrete Foundation Type Basement Frontage 44 Lot Size 44x123 Roads City/CountyPaved Street Roofing Other-See RemarksRubber Waterfront YN No

Interior Features

Basement YN No Commercial Features Furniture Fuel Type ElectricNatural Gas Heating System BaseboardForced Air

Property Features

Business Name C & R Homestyle Cafe Business Type Restaurant Commercial Type Commercial/Industrial Financial Terms AssumptionCashConventional Municipality Lake Odessa Ownership LLC Sale Includes InventoryReal Estate Only SEV 54900 Sewer Septic Public Sanitary Taxable Value 51660 Total Tax Amount 2883.68 Total Tax Year 2023 Water Public Water

Listing courtesy of Amplified Real Estate : (269) 509-2254.

Source MLS: MiRealSource
Originating MLS: Greater Regional AOR MLS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-14T23:49:06.97.
 
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