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32142882
32142883

112 N State Street, Freeport, MI 49325

KW Rivertown Hoppough
KW Rivertown Hoppough
Listed by KW Rivertown Hoppough
$240,000
716 days on market
Updated 4 days ago

112 N State Street

Details
APN 43-350-011-00
Property Type Retail
Sub Type Storefront, Restaurant
Square Footage 3,878
Units 1
NOI $23,599
Year Built 1940
Buildings 1
Stories 2
Acreage 0.300
Parking Spaces 20 spaces
Parking Per SqFt 5.16
Ownership LLC

Retail | 3,878 SqFt

Marketing description

Located in Downtown Freeport, Smelk's Diner is the place to go for a great breakfast, lunch, or dinner in a very comfortable atmosphere, right in the middle of town! Seating for 54 diners, including unique bar stools that allow you to sit at the counter and converse with the friendly staff as they work to satisfy the customers. Very nicely decorated dining area, separate area in the back for food preparation, storage area. A lot of storage area in the basement as well as an office to work in. Most of the equipment to stay with sale(see attached list). Don't miss this unique opportunity to carry on this business and make it your own brand! Located in Downtown Freeport, Smelk's Diner is the place to go for a great breakfast, lunch, or dinner in a very comfortable atmosphere, right in the middle of town! Seating for 54 diners, including unique bar stools that allow you to sit at the counter and converse with the friendly staff as they work to satisfy the customers. Very nicely decorated dining area, separate area in the back for food preparation, storage area. A lot of storage area in the basement as well as an office to work in. Most of the equipment to stay with sale(see attached list). Don't miss this unique opportunity to carry on this business and make it your own brand!
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Listing Contacts

KW Rivertown Hoppough
KW Rivertown Hoppough
Listed by KW Rivertown Hoppough

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$23,599.00
$1,966.58/mo

Valuation Metrics

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DSCR
9.83%
Cap Rate
9.83%
ROI

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