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113 N Farmer St 3,420 SF Retail Building Otsego, MI 49078 $498,000 ($145.61/SF)
EXECUTIVE SUMMARY
TURNKEY restaurant opportunity Located in the City of Otsego, which offers a full kitchen ready for soups, sandwiches, baked goods, smoked meats and wood fired pizzas all located inside of a newly renovated and restored 125+ year old store front building. Formerly home to Mac's Place. This building is a historical location for food and beverage for Otsego. With seating for 65-70, and a kitchen to accommodate more than this volume, the space is ready to serve dine in guests as well as take-out services. A City parking lot is located very close to front and rear entrances. The 2nd floor apartment is 900 s.f., with 1 bath, 2 bedrooms and was beautifully remodeled in 2022. SALE INCLUDES REALESTATE AND FF&E.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
3,420 SF
Building Class
C
Year Built/Renovated
1900/2022
Price
$498,000
Price Per SF
$145.61
Tenancy
Single
Building Height
2 Stories
Building FAR
1.31
Lot Size
0.06 AC
Zoning
CBD - Central Business District
Frontage
24’ on N Farmer St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 54-100-017-01 | Improvements Assessment | $128,000 |
| Land Assessment | $2,700 | Total Assessment | $130,700 |
PROPERTY TAXES
Parcel Number
54-100-017-01
Land Assessment
$2,700
Improvements Assessment
$128,000
Total Assessment
$130,700
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113 N Farmer St
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