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30914949
30914947

228 N Jefferson Street, Hastings, MI 49058 For Sale

DE
MI 6502431867, MI 6506045662
Epique Realty
Listed by Epique Realty
$399,000
149 days on market
Updated 12 days ago

River Walk Café

Details
APN 5520102600
Property Type Retail, Business for Sale
Sub Type Restaurant, Storefront (+1)
Square Footage 2,066
Net Rentable (SqFt) 2,066
Units 1
NOI $1
Occupancy 100%
Tenancy Single
Brand/Tenant River Walk Cafe
Price per SqFt $193
Broker Co-Op Yes
Class B
Year Built 1963
Buildings 1
Stories 1
Acreage 0.200
Zoning Retail Restaraunt
Investment Type Owner/User
Occupancy Date 02/17/2026
Ownership Owner Occupied
Sale Condition For sale by owner

Priced Significantly Under Value - Motivated Seller

Marketing description

Cafe Style Restaurant For Sale - Specializing in Breakfast, Brunch, Lunch Menu. Property & Business Offering – Hastings, Barry County, Michigan A rare opportunity is available to acquire a well-established breakfast, brunch, and lunch cafe-style restaurant along with its commercial real estate, all included in offered price. This business has become a local favorite, known for its inviting atmosphere and consistent performance. With the sale, the buyer not only secures a thriving cafe style restaurant but also ownership of the building itself — providing stability and long-term equity. From a financial standpoint, the cafe’s success is proven: The offering price reflects only about 45% of the total value when compared with standard restaurant valuation methods. In other words your getting this at over 50% of the actual value. Effectively, you are purchasing the business and building for roughly 1.3x annual owner cash flow (SDE) or 1.9x operating earnings (EBITA), a fraction of what similar operations would demand in today’s market. Who this is perfect for: An entrepreneur looking to step into restaurant ownership with a strong cash-flowing business already in place. A culinary couple or family team eager to run their own breakfast-and-lunch destination. An experienced operator ready to expand into a proven location with the advantage of owning the real estate. One who wants to own a restaurant but without the dawn til after dusk hours as is focused on Breakfast and Lunch. This is not just a business purchase — it’s a chance to step into a turnkey, community-loved restaurant and build your lifestyle around it. The combination of ongoing profitability, included real estate, and significant value savings make this an exceptional ownership opportunity. Offered price includes real estate!!! Financials disclosed with NDA and buyer financial qualification

Investment highlights

Effectively, you are purchasing the business and building for roughly 1.3x annual owner cash flow (SDE) or 1.9x operating earnings (EBITA), a fraction of what similar operations would demand in today’s market.

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Listing Contacts

DE
MI 6502431867, MI 6506045662
Epique Realty
Listed by Epique Realty

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$0.08/mo

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Additional Information

Name
David Elwood
License
6502431867
Brokerage
Elwood.Biz pllc
Brokerage Phone
2489234334
Title
Business Broker
Brokerage Address
376 Beach Farm Circle
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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