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8826 Gratiot Avenue

Columbus Twp, MI 48063
  • $1,450,000
  • STATUS: Active
  • ON SITE: 59 Days
  • ID#: 20230061327
UPDATED: 51 min ago
$1,450,000
  • 0
    BEDS
  • 3.93
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,121
    SQFT
  • $204
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1993
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
351.50 X 400.00

School Ratings & Info

School District:

Description

Co- List with Evan Lyszczyk 6501428411 Founded in 2015 this restaurant has become one of the premiere destinations for many residence in both St.? Clair and Macomb County.? This well-established business offers a high-quality menu with "made from scratch" food, and a variety of fresh beverages ranging from wine, craft beer and cocktails.?Live entertainment is offered year-round to attract those seeking a fun night out.? DJs, local music artists and cover bands are frequently scheduled providing patrons with an all encompassing experience.? Summer time outdoor activities include cornhole, sand volleyball leagues, and car shows hosted in the parking lot.? The current ownership has gone above and beyond to expand the entertainment options.? This restaurant has become a staple in the community and a preferred choice for many.?The restaurant has seen significant growth over the last five years.? There is opportunity to further this growth by improving operational efficiencies and marketing efforts.? Also, the property's footprint would allow for additional outdoor activities to generate more foot traffic.? This business is ready for the right visionary to take over.? Cashflow from day-one, and strategize to become a more widely known entertainment epicenter.?Real Estate, liquor licenses, LLC, Equipment and furnishings all included in sale price?Significant upgrades in the last 5 years include: Resurfaced parking lot (2023), Pizza Oven (2023), Mobile smoker complete with Sink and fridge (2023), Roof and HVAC (2017), Septic and Well (2016), Coolers and Equipment (2016)Sales Mix: 65% food, 45% AlcoholMaximum Indoor Capacity: 200-250 seats20% increase in sales from YE 2020 to YE 2022The business currently offers live entertainment, multiple recreational league opportunitiesOpportunity to increase exposure through online and print media advertising

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IDX provided courtesy of Realcomp II Ltd. via GK Real Estate Team | Max Broock and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Max Broock are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-09-23T11:59:40.883.
www.gkrealestateteam.com/homes/141809740
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8826 Gratiot Avenue Columbus Twp, MI 48063

  • Price: $1,450,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 51 min ago
  • ID#: 20230061327
0
Beds
0
Baths
0
½ Baths
3.93
Acres
7,121
SQFT
$204
$/SQFT
1993
Built
Neighborhood:
Columbus Twp
County:
St. Clair
Area:
Columbus Twp
School District:
EAST CHINA
Property Description
Co- List with Evan Lyszczyk 6501428411 Founded in 2015 this restaurant has become one of the premiere destinations for many residence in both St.? Clair and Macomb County.? This well-established business offers a high-quality menu with "made from scratch" food, and a variety of fresh beverages ranging from wine, craft beer and cocktails.?Live entertainment is offered year-round to attract those seeking a fun night out.? DJs, local music artists and cover bands are frequently scheduled providing patrons with an all encompassing experience.? Summer time outdoor activities include cornhole, sand volleyball leagues, and car shows hosted in the parking lot.? The current ownership has gone above and beyond to expand the entertainment options.? This restaurant has become a staple in the community and a preferred choice for many.?The restaurant has seen significant growth over the last five years.? There is opportunity to further this growth by improving operational efficiencies and marketing efforts.? Also, the property's footprint would allow for additional outdoor activities to generate more foot traffic.? This business is ready for the right visionary to take over.? Cashflow from day-one, and strategize to become a more widely known entertainment epicenter.?Real Estate, liquor licenses, LLC, Equipment and furnishings all included in sale price?Significant upgrades in the last 5 years include: Resurfaced parking lot (2023), Pizza Oven (2023), Mobile smoker complete with Sink and fridge (2023), Roof and HVAC (2017), Septic and Well (2016), Coolers and Equipment (2016)Sales Mix: 65% food, 45% AlcoholMaximum Indoor Capacity: 200-250 seats20% increase in sales from YE 2020 to YE 2022The business currently offers live entertainment, multiple recreational league opportunitiesOpportunity to increase exposure through online and print media advertising
Exterior Features

Architecture Level 1 Story Construction Materials Wood Foundation Details Slab Lot Size Dimensions 351.50 X 400.00 Road Frontage Feet 428 Road Frontage Type Paved Waterfront YN No

Interior Features

Building Area Source Owner Heating Cooling Forced Air Heating Fuel Natural Gas Sq Ft Main 7121 Sq Ft Office 0

Property Features

Assessment 0.00 Commercial Type Business And Real Estate Existing Lease YN No Gross Scheduled Income 1199956.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Monthly Sales 101458 Net Operating Income 82674.00 Operating Expense 396505.00 Ownership Status Short Sale - NoPrivate Owned Possession At Close Postal City Columbus Protection Period 180 Settlement Township Sewer Septic Tank (Existing) Short Sale No Tax Amount Summer 6455.1200 Tax Amount Winter 1169.1800 Title Standard (Private) Total Tax 7624.0000 Unparsed Address 8826 Gratiot Avenue Water Source Well (Existing) Year Remodeled 2015 Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Kw Platinum Port Huron: (810) 385-0600 and Realcomp, ©2023 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via GK Real Estate Team | Max Broock and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Max Broock are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-09-23T11:59:40.883.
 
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