1027 4th Avenue, Lake Odessa, MI 48849

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$399,000

bedrooms

bathrooms

square feet

2,310

Acreage

0.12

Open Houses

year built

1900

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Ionia
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 24039972

Listing agent: Steven J Lambert

Listing broker: Amplified Real Estate (269) 509-2254

Copyright © 2025 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, March 25 2025 at 7:40 a.m. EDT

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