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23462817
23462818

4586 WATER Street,, Columbiaville Vlg,, MI 48421

MG
MI 6501323359
Exp Realty
Listed by Exp Realty
$249,000
379 days on market
Updated 98 days ago

FALCONS NEST

Details
APN 04335201000
Property Type Business for Sale, Hospitality (+1)
Sub Type Restaurant
Square Footage 2,250
Units 1
Cap Rate 66.90%
NOI $167,000
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 81.36%
Pro-Forma NOI $203,400
Price per SqFt $111
Broker Co-Op Yes
Class C
Year Built 1970
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.460
Zoning COMMERCIAL
Parking Spaces 24 spaces
Parking Per SqFt 10.67
Investment Type Owner/User
Occupancy Date 05/20/2025
Ownership PRIVATE
Sale Condition For sale by owner

Business for Sale | 66.90% CAP | 2,250 SF

Marketing description

Rare Opportunity in Columbiaville’s Heartbeat: Fully Equipped Restaurant + Real Estate! true local gem on the banks of the Flint River, just steps from the Southern Links Trailway—a growing hotspot for trail lovers, tourists, and loyal locals alike. This fully built-out restaurant space offers more than just square footage—it delivers a proven income model, a charming setting, and a gateway to lifestyle entrepreneurship. Whether you’re a chef ready to own your own kitchen or an investor seeking reliable returns, this one checks every box. ? Property Highlights ?? Fully equipped kitchen – all appliances and equipment stay! ??? Indoor seating with rustic charm ??? Outdoor patio for al fresco dining and summer events ?? High foot & trail traffic from year-round visitors and locals ?? Projected Income: $260,000+ annually ?? Low operating costs | Low property taxes ($1,600/yr) ?? Potential ROI: Over 66% based on conservative estimates ALL THE INCOME IS ESTIMATED

Investment highlights

Rare Opportunity in Columbiaville’s Heartbeat: Fully Equipped Restaurant + Real Estate! true local gem on the banks of the Flint River, just steps from the Southern Links Trailway—a growing hotspot for trail lovers, tourists, and loyal locals alike. This fully built-out restaurant space offers more than just square footage—it delivers a proven income model, a charming setting, and a gateway to lifestyle entrepreneurship. Whether you’re a chef ready to own your own kitchen or an investor seeking reliable returns, this one checks every box. ? Property Highlights ?? Fully equipped kitchen – all appliances and equipment stay! ??? Indoor seating with rustic charm ??? Outdoor patio for al fresco dining and summer events ?? High foot & trail traffic from year-round visitors and locals ?? Projected Income: $260,000+ annually ?? Low operating costs | Low property taxes ($1,600/yr) ?? Potential ROI: Over 66% based on conservative estimates ALL THE INCOME IS ESTIMATED

Listing Contacts

MG
MI 6501323359
Exp Realty
Listed by Exp Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$167,000.00
$13,916.67/mo

Valuation Metrics

0
DSCR
67.07%
Cap Rate
67.07%
ROI

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