228 N Jefferson Street, Hastings, MI 49058
228 N Jefferson Street, Hastings, MI 49058
228 N Jefferson Street, Hastings, MI 49058
228 N Jefferson Street, Hastings, MI 49058
228 N Jefferson Street, Hastings, MI 49058
228 N Jefferson Street, Hastings, MI 49058
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 349,000
Est. payment | /mo

2,066 SqFt

Save Virtual Tour
$ 349,000
Est. payment | /mo
Save Virtual Tour

2,066 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 2,066 sqft

Price per Sqft $168

MLS Listing ID 60929865

Annual Tax Amount $7,735

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 63 x 133 x 64 x 132

Property Sub-Type Commercial/Industrial

Property Description

Cafe Style Restaurant For Sale in Hastings MI - Specializing in Breakfast, Brunch, Lunch Menu. Confidential Property & Business Offering – 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!!! Location disclosure with executed NDA and Financials disclosed with NDA and buyer financial qualification

Location

State MI

County Barry

Area Hastings (08021)

Zoning Commercial

Interior

Heating Forced Air

Exterior

Roof Type Rubber

Building

Foundation Slab

Water Public Water

Structure Type Brick,Vinyl Siding,Wood

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

Virtual Tour https://book.boulevardrealestatemedia.com/sites/exogvybw/unbranded

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Epique Realty
Nearby Locations
Shawn Murphy, GRI, SRES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN, 55432, USA

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228 N Jefferson Street