MichiganMissaukee

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Lakefront Bar and Grille with Real Estate
$375,000Cash Flow: $90,000
Lakefront Bar and Grille with Real Estate

Lake City, MI

Located on one of the best fishing lakes in the lower peninsula, serving year round residents as well as four season tourists. Drive your boat right up to the docks adjacent to the building, tie up, fill up your coolers with beer, wine and ice then zip away back to water tubing, fishing, relaxing … or, sit down to a terrific lunch or dinner. After a very successful run, relocation became necessary due to a ‘pre-existing illness’ to owners’ son. Wife had to keep her job to continue with health insurance coverage which could cost over $20,000 in a single month. As a result, the place is run on an absentee basis. Located on a busy major highway (12,000 vehicles per day), in a stand-alone attractive building just steps away from an 1,800 acre pristine inland lake. This restaurant is a mainstay for both locals and the constant year-long influx of tourists to this very desirable, affluent resort community. The busy summer season transitions into fall color tourism and then to winter sports lovers, so no slow-down between seasons. Outdoor seating on the patio provides incredible panoramic views of the lake and sunset vistas. Best of all the real estate comes with the deal! A new owner could use the largely under-utilized upper level for an onsite residence, or easily convert it to a spacious rental apartment for additional, passive income. The average past 3 year, annual revenue is $600,000 with a Seller’s Discretionary Earnings of $100,000 . (Used to be $750 with owner present) Replacing one or two of the 4 managers with a working owner could drive that already impressive amount significantly higher. The $360,000 asking price is firm for both business and real estate makes this a fantastic opportunity for anyone seeking to be a part of the Michigan tourism industry. Location sits next to the last commercial parcel on the lake. They are asking over $500K. For detailed information contact Ken George 616.648.1132 kg@vbamidwest.com

20 Bed AFC Institution **ASSET SALE!!!!!ASSET SALE 20 BED AFC INSTITUTION!!! ENTERTAINING ALL OFFERS!!!
$450,000
20 Bed AFC Institution **ASSET SALE!!!!!ASSET SALE 20 BED AFC INSTITUTION!!! ENTERTAINING ALL OFFERS!!!

Lake City, MI

Peaceful and relaxing setting is a happy setting for the elderly care!!! That is what this 20 bed Assisted Living Home is. Patients enjoy the serene setting of this location that sits on 5 Acres of property. This is a 9,877 square foot institutional style facility which also comes with a 1,568 sq ft 4-bedroom home attached to main building with offices and living quarters for the staff. The main facility includes a large kitchen and cafeteria style dining area, large recreation room, beauty salon, theater room, outside patio and pavilions and raised garden area for patients to have the option of growing their own fruits and vegetables. This facility is currently being underutilized and is currently being used for Senior Living. This will be an ideal location for Adult Foster Care or a Physical or Drug Rehabilitation Center. There is no need for updates because the facility is perfectly maintained and updated! This community group home provides 24 hours around the clock 7 days a week care for 20 residents with hygiene, dispenses medications, cleans and prepares meals. This home tends to the elderly and the mentally ill. The owner opened this business in 1972 and would love to stay but it’s time to retire. THIS FACILITY IS PRICED AS AN ASSET SALE!!! THIS IS A MUST SEE!!!!!

Whipples
$275,000
Whipples

Moorestown, MI

HISTORIC MOORESTOWN GENERAL STORE. Country Store with it ALL....Groceries, fresh meats, gasoline, propane, hardware, SDD & SDM, lotto, restaurant, pizza oven, bakery, ice cream, DNR permits, even a POST OFFICE and more. Two bay garage. Great history originating 100 years ago by great grandfather Whipple. Original location was destroyed by fire and this location constructed in 1963 with 1973 remodel/addition. Only store for miles. Featuring seasonal events including 'Whipplestock', the Jack Pine Race with annual event by Lansing Motorcycle Club. Owned and operated by the same family for 100 years, first time ever on the market and available to public. Close to snowmobile and ORV trails and located on approx 15 acres. Get your country on!


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