28102 M 152 - Restaurant FOR SALE


Dowagiac, MI 49047
$199,000 USD
269-580-1447
28102 M 152, Dowagiac, MI for Sale
$199,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

NEW


28102 M 152
Dowagiac, MI 49047


OVERVIEW

Rare Opportunity to Own a Local Landmark! The iconic Lutz's Drive-In restaurant is now available, ideally located just west of the high-traffic intersection of M-51 and M-152. This turn-key offering includes approximately 2 acres of commercial property, a 2,064 SF restaurant building, and 16 covered drive-in spaces - perfect for classic carhop service or outdoor events. The sale includes all on-site restaurant equipment - including freezers, coolers, pizza ovens, tables, chairs, tableware, and more - allowing for immediate operation or rebranding. The dining room has been recently renovated with new flooring, tables, and booths, enhancing the indoor customer experience. Outdoor dining areas and a second vacant parcel provide added value and potential for future development. Just minutes from Sister Lakes, one of Michiana's top vacation destinations, this high-visibility location is ideal for restaurateurs, developers, or investors seeking to revive a beloved staple or build something new.

FOR SALE DETAILS

PRICE

$199,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,841 SF

ZONING

-

APN/PARCEL ID

14-130-001-013-01,14-130-001-014-00

ASK ABOUT THIS PROPERTY

Amy RoseGale Realty LLCMore Info
269-580-1447

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Amy RoseGale Realty LLCMore Info
269-580-1447

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.