5790 US-31 S $749,000

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    5790 US-31 S Grawn, MI 49637

    • 1.52 Acres
    • Commercial
    • MLS# 1922243
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    Views: 30 Days On Site: 184

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    Property Details

    Description Tours

    Experience the charm of a friendly, family-owned restaurant that has been serving customers since 1996. With its iconic reputation and delicious pizza recipe dating back to 1978, this locally owned and operated eatery serves up home-cooked meals for breakfast, lunch, and dinner. Situated in an ideal location away from the hustle and bustle of town, this restaurant boasts a loyal following of regulars who love the small-town and up north vibe. However, don't let its location fool you - it's conveniently located on main highway US-31, with an average of 22,000 plus cars passing by daily. This gives the restaurant great exposure and opportunities to attract new visitors. This restaurant is a staple in the community, renowned for its friendly service and delicious breakfast options, delectable pizzas, and Fish Fry Fridays. Customers have also eagerly anticipated their annual Greek Month in February and Polish Month in March, during which traditional favorites like gyros, baklava, kielbasa and homemade perogies are served up. In addition, they host a variety of other popular events throughout the year, such as Southern Cookin' Burger Bash, Octoberfest, Veterans Appreciation Day, and Italian Month & all of which attract customers from all taste pallets, making it a top destination for locals. With nearly two decades of tradition of these events, each ethnic menu and all homemade from scratch, it's no wonder the restaurant is a beloved part of the community. Included with the restaurant is all furniture, fixtures, and equipment, a food license, liquor license, beer and wine license, and more. Plus, with room for expansion, there's plenty of potential to grow this beloved business even further. Don't miss your opportunity to take over this beloved turn-key restaurant, complete with everything you need to hit the ground running and continue the legacy of serving up great food and creating unforgettable memories in a warm and welcoming atmosphere.

    • General Features
      • Licenses Food, Liquor, Beer/Wine
      • Included In Lease None
      • Business Incl Yes
      • Business Name Rico's Cafe & Pizzeria
      • Type of Ownership Private Owner
      • Approx Year Built 1987
      • Type Hospitality
      • Town T 26N
      • Township Blair
      • Present Use Restaurant/Food Service,Bar
    • Building Features
      • Extras Furniture/Fixtures
      • Foundation Slab
      • Heating Cooling Source Natural Gas
      • Roof Membrane
      • Heating Cooling Type Forced Air, Central Air
      • # Restrooms 3
      • Apx Total Fin SQFT 2,760
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free Grab Bars, Hand Rails
      • Road Public Maintained, Blacktop
      • Sewer Private Septic
      • Parking Paved, Parking Lot
      • Exterior Features Wood, Stone
      • Construction Frame
      • Lot Dimensions 300 X 197
      • Location Freestanding

    Neighborhood

    49637 (Grawn) Demographics

    38 Median Age
    118 Population Density (per sq. mile)
    30% College Educated
    $54,741 Estimated Median Income
    1,031 Estimated Total Home Owners
    137 Estimated Total Renters
    88% / 12% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    3,349 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $335,000 Median Sales Price
    10 Homes Sold
    14 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: $749,000
        8/8/2024 4:36:03 AM Status Changed Source: Multiple Listing Service New Value: Active
        8/5/2024 10:36:14 AM Price Reduced Source: Multiple Listing Service New Value: $749,000 -5.67%
        8/5/2024 10:36:14 AM Status Changed Source: Multiple Listing Service New Value: Price Change
        5/17/2024 4:06:02 AM Status Changed Source: Multiple Listing Service New Value: Active
        5/14/2024 10:51:00 AM New in Database Source: Multiple Listing Service New Value: $794,000

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        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.