402 S Main Street $475,000

    Close

    402 S Main Street Standish, MI 48658

    • 4,230 sq. ft.
    • 0.50 Acres
    • Commercial
    • MLS# 50120518
    Favorite Share
    Views: 46 Days On Site: 442

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Ten + years in business. This successful and reputable restaurant is of high demand in this rural area of Standish. Excellent location with 200' of frontage on US-13/23 with a DTC of approximately 14,000 for high exposure. Plenty of on site parking of approx. 30 spaces. Restaurant currently occupies the east section of approximately 4,230 SF with the west section of 3,960 SF left for further development. Total capacity is 120 with 60 on the west section and 60 on the east section of the restaurant. Total building size of approx. 8,190 SF. All equipment (most newer), furniture & fixtures are included in the sales price. The real estate is also included in the sales price. Annual real estate taxes are approximately $7,790. Inventory is in addition to the sales price. Five campgrounds surround the area in addition to all of the traffic that heads north on a weekly basis. Please contact Commercial Equities for business details. Reduced from $525,000.

    • General Features
      • Acreage 0.5
      • Area Municipality Standish (06016)
      • County Arenac
      • Originating MLS Bay County REALTOR Association
      • Ownership Private
      • Total SqFt Finished 4230
      • Waterfront Y/N No
      • Year Built 0
    • Property Features
      • Water Public Water
      • Lot Size 200' X 110'
      • Sewer Septic Public Sanitary

    Neighborhood

    48658 (Standish) Demographics

    45 Median Age
    55 Population Density (per sq. mile)
    25% College Educated
    $39,223 Estimated Median Income
    1,554 Estimated Total Home Owners
    505 Estimated Total Renters
    75% / 25% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,789 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $170,000 Median Sales Price
    1 Homes Sold
    2 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $475,000
        8/30/2023 1:37:00 PM New in Database Source: Multiple Listing Service New Value: $475,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.