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Khoury Real Estate LLC.
1027 4th Avenue, Lake Odessa, MI 48849
- $368,000
- 2
- BA
- Sold Price
- $368,000
- List Price
- $399,000
- Closing Date
- Dec 08, 2025
- Days on Market
- 359
- MLS#
- 24039972
- Status
- SOLD
- Type
- Commercial
- Bathrooms
- 2
- Full-baths
- 2
- Neighborhood
- Grand Rapids - G
Property 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.
Additional Information
- Taxes
- $2,883
- Acres
- 0.12
- Heating
- Baseboard, Forced Air
- Roofing
- Rubber
- School District
- Lakewood
- Utilities
- Electricity Connected, Natural Gas Connected, Phone Connected
- Water
- Public Water
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Listing courtesy of Listing Agent: Steven J Lambert from Listing Office: Amplified Real Estate.
Selling Agent: Selling Office: .
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