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228 N Jefferson St 2,280 SF Retail Building Hastings, MI 49058 $477,327 CAD ($209.35 CAD/SF)



Investment Highlights
- Real Estate and Business Sold Together
- Turn Key Business and Real Estate
- Only Brekfast/ Lunch Brunch - No Late Nights but Dinner hours couldbe added for added income opportunity
- Offered at 1.3X Net Earnings
- Well Known in the Community
Executive Summary
Cafe Style Restaurant For Sale - Specializing in Breakfast, Brunch, Lunch Menu. Property & Business Offering – Hastings MI, Barry County, Michigan.
A 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 1.1x annual owner cash flow (SDE) or 1.5x 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!!! Location disclosure with executed NDA and Financials disclosed with NDA and buyer financial qualification
A 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 1.1x annual owner cash flow (SDE) or 1.5x 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!!! Location disclosure with executed NDA and Financials disclosed with NDA and buyer financial qualification
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,280 SF
Building Class
C
Year Built
1996
Price
$477,327 CAD
Price Per SF
$209.35 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
B-1 - Retail Restaurant
Parking
25 Spaces (10.96 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Waterfront
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Hastings Riverwalk Cafe
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Hastings Riverwalk Cafe | Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 55-201-026-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $105,997 CAD |
Property Taxes
Parcel Number
55-201-026-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$105,997 CAD
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228 N Jefferson St
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