Listing courtesy of Amplified Real Estate, Steven Lambert
Overview
Property ID: 24039972
- Retail
- ********
- 2310
- 1900
For Sale
1027 4th Avenue, Lake Odessa, MI 48849
Overview
Property ID: 24039972
- Retail
- ********
- 2310
- 1900
Description
Discover an exceptional business investment and management opportunity in the heart of Lake Odessa, MI.
C&R’s Homestyle Restaurant, in business for over a decade, is one of ”Lake O’s” most popular dining destinations, boasting a current EBITDA of over $150K, with an average 3-year EBITDA of over $130K, and an annual revenue growth of 5-10% – bringing its 2023 revenue total to over $600K.
Run by a single owner-operator, plenty of expansion opportunities are available, along with a second-story unfinished apartment that is ready to renovate and lease.
Extremely popular with locals, sold at a 1.75 EBITDA multiple, and with real estate listed at just $125K, this business is priced to sell to its next owner.
Details
Updated on September 2, 2025 at 6:26 am- Property ID: 24039972
- Price: $399,000
- Property Size: 2310 Sq Ft
- Land Area: 0.12 Acres
- Bedroom: ********
- Garage: Attached
- Year Built: 1900
- Property Type: Retail
- Property Status: For Sale
Address
Open on Google Maps- Address 1027 4th Avenue
- City Lake Odessa
- State/county Michigan
- Zip/Postal Code 48849
- Country US
Features
- Air Conditioning
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