MLS Public Remarks Here's your opportunity to invest in a commercial building located in growing Black Earth. Location is key for your restaurant and you'll have ample traffic passing by daily that will generate lots of business. The restaurant features two large dining rooms plus a large kitchen. The floor plan is designed well for your restaurant needs. Each dining room includes a bar for cocktails or buffet style dining. Recent updates include plumbing and gas, electrical, paint, new furnace (2021), new compressor in walk in freezer (2021), new water softener (2018) and new flooring (2018). This investment also includes a bonus of two apartment units on the second level! The apartments have also been updated with new carpet in 2019 & 2020. Tenant occupied, please allow 24 hour notice before showings.
Location Village
Other Marketing Area
Mailing City Black Earth
C/T/V Village
Unit #
Directions From Hwy 14, Head South On Mills St (hwy 78).
Real estate for sale Yes
Business for sale Yes
For lease only No
Ann. Rent/SqFt $16
Total Units/Bldg 3
Building Gross SqFt 4,521
Net Leasable SqFt 4,521
Year Built 1890
Source for Year Built PubR
Approx Bldg Dimen 54x75
Street Frontage 70
Parking Fees/Mo. $0
Onsite Parking Yes
# of Stories 2
Ceiling Height Min 9
Ceiling Height Max 9
Number of Loading Docks 0
Zoning Commerical
Est. Total Acres 0.19
Source Of Est Acres PubR
Lot Dimensions
Owner
Tradename
Land Assessment $47,500
Assessment Year 2021
Net Taxes $5,881
Tax Year 2021
Improvements $162,500
Total Assessment $210,000
Income/Expenses Year $0
Gross Operating Income $0
Annual Operating Exp $0
Net Operating Income $0
| Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
| 1 |
Rental U1 |
10/01/2022 |
0 |
$6,600 |
$16 |
$0 |
402 |
| 2 |
Rental U2 |
9/30/2021 |
0 |
$7,500 |
$7 |
$0 |
1,044 |
| 3 |
Restaurant |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included Restaurant furniture, fixtures and equipment (see attached list in associated documents).
Items Excluded Upstairs tenants personal property.
Heating/Cooling Central air, Forced air, Wall AC
Water/Waste Municipal sewer, Municipal water
Basement Full
Fuel Natural gas
Seating Capacity
Type Apartment building, Restaurant/Supper Club
Exterior Treatment Brick, Vinyl, Wood
Building Parking 1-5 spaces
Roofing Composition
Terms/Option
Miscellaneous
Documents on File Fixtures & equipment, Inventory list, Lease(s), Property Condition Report
Location Corner, Free standing, Near Major Highway
Tenant Pays Electric
Present Use Apartment building, Restaurant/Supper Club
Licenses Beer, Food, Liquor
Lease Type Annual
Occupied by
Sale Includes Equipment, Furniture, Inventory
Features
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Harrop Realty
