USAMILake Odessa1027 4Th Ave
02-WM10274th-22 | Image 1
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1027 4 Th Ave, Lake Odessa, MI

Real Estate

Sold

Listed price in listed location currency (USD).
$368,000
$399,000

020

MLS® 65024039972

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $2,884
Approx. Age 1900
MLS® Number 65024039972

Property Address: 1027 4th Ave, Lake Odessa, MI, 48849-1021

Average square foot calculated using Size range provided by listing agent.

Description

Discover an exceptional business investment and management opportunity in the heart of Lake Odessa, MI.C&R's Homestyle Restaurant, in business for over a decade, is one of ''Lake O's'' most popular dining destinations, boasting a current EBITDA of over $150K, with an average 3-year EBITDA of over $130K, and an annual revenue growth of 5-10% - bringing its 2023 revenue total to over $600K.Run by a single owner-operator, plenty of expansion opportunities are available, along with a second-story unfinished apartment that is ready to renovate and lease.Extremely popular with locals, sold at a 1.75 EBITDA multiple, and with real estate listed at just $125K, this business is priced to sell to its next owner.
MLS® Number65024039972
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Jul 6, 2025End Date
$368,000Sold Price

Sold

Aug 2, 2024List Date
$399,000List Price
  • Commute

Commute

Starting Address
Destination Address
1027 4 Th Ave, Lake Odessa, MI

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