A rare opportunity to own the real estate and a fully operational, profitable restaurant in the heart of Downtown Lapeer. Villa Milano offers an established Italian restaurant and pizzeria along with its 4,184-square-foot building, creating an exceptional turnkey opportunity for an owner-operator or investor. The sale includes the business, real… Read More estate, and liquor license, allowing a new owner to step into an established operation with the infrastructure already in place. The restaurant accommodates approximately 90 guests indoors and features additional outdoor patio seating - perfect for taking advantage of downtown activity and seasonal dining. Adding tremendous versatility is a spacious 1,300+ square-foot second-floor apartment, offering potential for owner occupancy, management housing, or additional income. Located directly on W Nepessing Street in Downtown Lapeer, Villa Milano benefits from excellent visibility and convenient free public parking both in front of and behind the building. CBD-1 Central Business District zoning further enhances the property's long-term flexibility and investment potential. Whether you're an experienced restaurateur looking for a plug-and-play operation or an investor seeking a unique mixed-use commercial asset, Villa Milano presents the opportunity to acquire the property, business, liquor license, and an established downtown presence - all in one package. Read Less
Courtesy of Diplomat Realty.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Commercial/Industrial
Square Ft.
4,184
Lot Size
0.14 Acres
MLS Number
61036573
30 Days Snapshot Of 48446
$328k
-6%
(avg) sold price
2
+100%
homes sold
28
-78%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Building
4,184 square feet
Exterior Features
Brick
Water Features
Public Water
Heating
Forced Air, Natural Gas
Lot
0.14 acres, Lot size: 33 x 77
Property
Apartment Bldg, Retail, Commercial
Taxes
Total amount: $4,671
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