Excellent redevelopment or rehabilitation opportunity on a highly visible commercial property along Van Dyke. The main restaurant building experienced a fire and will require repairs and remediation, including roof work, smoke remediation, portions of drywall replacement, and basement mold remediation related to failed sump pumps. The underlying structure appears to… Read More remain solid, giving a new owner the opportunity to restore the existing restaurant or reposition the property for another commercial use. The property also includes a separate barn/workshop currently used for storage and a single-family residence, creating additional potential income or redevelopment options. The residence is currently occupied; buyer to verify tenancy and occupancy details. This property had previously been under contract prior to the fire, making this a unique opportunity for an investor, developer, contractor, or owner-user to acquire the property at a substantially different price point and bring it back to life. A Class C liquor license may also be available separately. The liquor license is not included in the sale of the real estate and is subject to separate negotiation and applicable approvals. Property is being sold in its current condition. Buyer and buyer’s agent to verify all information, permitted uses, condition, and redevelopment possibilities. Read Less
Courtesy of RE/MAX First.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Commercial/Industrial
Square Ft.
5,094
Lot Size
4 Acres
Year Built
1925
MLS Number
50218576
30 Days Snapshot Of 48094
$430k
+18%
(avg) sold price
7
-12%
homes sold
26
-43%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
5,094 square feet, Built in 1925
Foundation
Basement
Water Features
Private Well
Lot
4 acres, Lot size: 800 x 675
Sewer
Septic
Taxes
Total amount: $11,164, Year: 2025
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