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28102 M 152 2,064 SF Retail Building Dowagiac, MI 49047 $272,330 CAD ($131.94 CAD/SF)

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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
$272,330 CAD
Price Per SF
$131.94 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.04 AC
Frontage
241’ on M 152

AMENITIES

  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 14-130-001-013-01
  • 14-130-001-014-00
Land Assessment
$54,603 CAD
Improvements Assessment
$75,404 CAD
Total Assessment
$130,007 CAD
  • Listing ID: 38863080

  • Date on Market: 2025-12-23

  • Last Updated:

  • Address: 28102 M 152, Dowagiac, MI 49047

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