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28102 M 152 2,064 SF Retail Building Dowagiac, MI 49047 $199,000 ($96.41/SF)



EXECUTIVE SUMMARY
Rare Opportunity to Own a Local Landmark! The iconic Lutz's Drive-In restaurant is now available, ideally located just west of the high-traffic intersection of M-51 and M-152. This turn-key offering includes approximately 2 acres of commercial property, a 2,064 SF restaurant building, and 16 covered drive-in spaces - perfect for classic carhop service or outdoor events. The sale includes all on-site restaurant equipment - including freezers, coolers, pizza ovens, tables, chairs, tableware, and more - allowing for immediate operation or rebranding. The dining room has been recently renovated with new flooring, tables, and booths, enhancing the indoor customer experience. Outdoor dining areas and a second vacant parcel provide added value and potential for future development. Just minutes from Sister Lakes, one of Michiana's top vacation destinations, this high-visibility location is ideal for restaurateurs, developers, or investors seeking to revive a beloved staple or build something new.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,064 SF
Building Class
C
Year Built
1962
Price
$199,000
Price Per SF
$96.41
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.04 AC
Frontage
241’ on M 152
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $55,100 | |
| Land Assessment | $39,900 | Total Assessment | $95,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$39,900
Improvements Assessment
$55,100
Total Assessment
$95,000
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28102 M 152
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