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228 N Jefferson Street, Hastings, Mi 49058

$349,000
  • 228 N Jefferson Street, Hastings, Mi 49058 Main Photo
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(Short Sale) - Active
SQUARE FEET2,066 MLS#20251053294
STATUS(Short Sale) - Active PROPERTY TYPECommercial - Retail SCHOOLHastings

Property Description

Cafe Style Restaurant For Sale - Specializing in Breakfast, Brunch, Lunch Menu.Property & Business Offering - Hastings, Barry County, MichiganA rare opportunity is available to acquire a well-established breakfast, brunch, and lunch cafe-style restaurant along with its commercial real estate, all included in offered price.This business has become a local favorite, known for its inviting atmosphere and consistent performance. With the sale, the buyer not only secures a thriving cafe style restaurant but also ownership of the building itself - providing stability and long-term equity.From a financial standpoint, the cafe's success is proven:The offering price reflects only about 45% of the total value when compared with standard restaurant valuation methods. In other words your getting this at over 50% of the actual value.Effectively, you are purchasing the business and building for roughly 1.3x annual owner cash flow (SDE) or 1.9x operating earnings (EBITA), a fraction of what similar operations would demand in today's market.Who this is perfect for:An entrepreneur looking to step into restaurant ownership with a strong cash-flowing business already in place.A culinary couple or family team eager to run their own breakfast-and-lunch destination.An experienced operator ready to expand into a proven location with the advantage of owning the real estate.One who wants to own a restaurant but without the dawn til after dusk hours as is focused on Breakfast and Lunch.This is not just a business purchase - it's a chance to step into a turnkey, community-loved restaurant and build your lifestyle around it. The combination of ongoing profitability, included real estate, and significant value savings make this an exceptional ownership opportunity.Offered price includes real estate!!!Financials disclosed with NDA and buyer financial qualification

228 N Jefferson Street | MLS# 20251053294

This commercial property located at 228 N Jefferson Street, Hastings, Mi 49058 is currently listed for sale with an asking price of $349,000. N Jefferson Street is located within the Hastings school district. Search Hastings real estate on www.hardingrealestateteam.com today.

Property Features

Property Type: Commercial - Retail
Heating: Forced Air, Natural Gas
Lot Size: 0.20 Acres
Roof Type: Rubber
Stories: 1.0
Taxes: $7,735
Year Built: 1963

Feature Descriptions

Accessibility: AccessibleCommonArea, AccessibleDoors, AccessibleEntrance, AccessibleHallways, CommonArea, GripAccessibleFeatures, OtherAccessibilityFeatures
Building Features: Outside Lighting, Other, Sidewalks
Days on Site: 267
Exterior: Brick, Vinyl Siding, Wood Siding
Lot Dimensions: 63 x 133 x 64 x 132
Parcel#: 5520102600
Parking: Parking Lot, On Site, On Street
Parking Notes: Parking Lot, On Site, On Street
Sewer: Public Sewer
Summer Tax: 7735
Utilities: Above Ground Utilities
Water: Public

Local Schools

School District: Hastings

Listed By / Shown By

Listed By

Agency Name: Epique Realty
Agency Phone: 2482182604

Shown By

Agent Name: Harding Real Estate Team
Agent Phone: (734) 812-6900
Agency Title: Key Realty

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