Listed by NAI Mid-Michigan
$729,000
Cedar Crest Banquet Centre & Catering
Details
APN 15-305-021-00
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 12,526
Cap Rate 3.00%
Occupancy 50%
Tenancy Multi
Lease Type Modified
Remaining Term 1
Class C
Year Built 1980
Year Renovated 2016
Buildings 1
Stories 1
Acreage 1.200
12,526 SF Banquet Facility for Sale or Lease
Marketing description
Fully furnished contemporary banquet and hospitality facility with a long term history of weddings, birthday parties, business banquets, fundraising events, graduation open houses and much more. Plenty of parking with area to expand on this approximately 1.2 acre lot. Expansion opportunity for outdoor weddings. Could be used as a Restaurant or Bar. Turn key business opportunity. State of Michigan Class C Liquor license available to purchase for onsite use only, license will not be sold separately. Tenants include Star Fitness and Emily Arnold LMT.
Location Description
Discover the charm of Marshall, MI, a captivating town with historic appeal! Just a stone's throw away from the bustling downtown area with unique shops, restaurants, and a vibrant community. Set against the backdrop of stunning historic architecture, visitors can explore the American Museum of Magic, enjoy the annual Historic Home Tour, or take part in the vibrant local events. Immerse yourself in the area's rich history and community pride. With its prime location as the former Cedar Crest Banquet Centre & Catering, this property promises to be a hub for retail, daycare and street retail, capturing the attention of locals and visitors alike. This is the perfect opportunity to establish your business in a thriving, picturesque location.
Investment highlights
- Fully furnished banquet facility
- Two new HVAC rooftop units
- Professional Kitchen
- Seats up to 276
- Full Bar, freezer, cooler and more
- Opportunity for Outdoor Wedding Venue
- Possible Bar or Restaurant opportunity
- Approximately 50% leased to Star Fitness and Emily Arnold LMT
- Liquor license available to purchase for onsite use only, and as a separate transaction
Listing Contacts
Listed by NAI Mid-Michigan
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