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28102 M 152 2,064 SF Retail Building Dowagiac, MI 49047 $270,122 CAD ($130.87 CAD/SF)



Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,064 SF
Building Class
C
Year Built
1962
Price
$270,122 CAD
Price Per SF
$130.87 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.04 AC
Frontage
241’ on M 152
Amenities
- Drive Thru
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $75,311 CAD | |
| Land Assessment | $54,535 CAD | Total Assessment | $129,846 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$54,535 CAD
Improvements Assessment
$75,311 CAD
Total Assessment
$129,846 CAD
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28102 M 152
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