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$1,100,000 Just Listed
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Property Description
This is a turn key opportunity, with two additional parcels; 21-060-001-042 and 21-060-001-156. A well-documented history of success. Located on US 12 in Jonesville Mi.. Potential buyer must sign a NDA Turnkey, fully staffed with banquet/event revenue Established full-service restaurant, with strong performance over multiple years. Detailed financials available upon request with signed NDA. This is a turnkey operation with an experienced kitchen and front-of-house management team in place, supported by a reliable and well-trained staff. The business has been consistently operated and offers a smooth transition for a new owner. The facility is a purpose-built fine dining establishment constructed in 2011, featuring steel construction, high ceilings, and quality finishes throughout. The property includes approximately 2,680 sq. ft. of main dining space, a 1,224 sq. ft. banquet/event area (seating up to 72 guests), a 270 sq. ft. private dining room (seating up to 20 guests), a 1,332 sq. ft. fully equipped commercial kitchen, and a 1,548 sq. ft. basement for storage. Additional features include a full-service bar, Class C liquor license, and both street and rear parking lot access. The layout supports both daily dining service and private events, providing multiple revenue streams. The business operates in a stable market with strong repeat customer traffic and consistent demand. In addition to local residents, customers are drawn from surrounding communities, along with nearby college-related traffic, including visiting families and event-driven business. Growth opportunities include expanding operating days beyond the current five-day schedule, as well as implementing targeted marketing efforts. The business has historically relied on word-of-mouth and repeat clientele, with significant potential to increase catering and event bookings through digital and local advertising. Sale includes both the business and the seller-owned real estate, which was previously appraised at $850,000 (2022). The asking price reflects the combined value of the operating business and real estate. The seller is committed to a smooth transition and will provide training and support during an initial period, with additional guidance available as needed. This is a confidential sale. Additional information will be provided to qualified buyers upon execution of a Non-Disclosure Agreement. Ad#:2503984 Detailed Information Inventory: $30,000 Not included in asking price Furniture, Fixtures, & Equipment (FF&E): $112,000 Included in asking price Employees: 30 (8 Full-time, 22 Part-time) Experienced kitchen and front-of-house management in place, supported by a relia Facilities: Purpose-built fine dining facility constructed in 2011 with steel construction, high ceilings, and quality finishes throughout. The building is designed for efficient full-service restaurant operations and an elevated guest experience. The property includes approximately: "¢ 2,680 sq. ft. main dining area "¢ 1,224 sq. ft. banquet/event space (seating up to 72 guests) "¢ 270 sq. ft. private dining room (seating up to 20 guests) "¢ 1,332 sq. ft. fully equipped commercial kitchen "¢ 1,548 sq. ft. basement storage area Additional features include a full-service bar area, a Class C liquor license, and both street parking and a rear parking lot for customer convenience. The layout supports both regular dining service and private events, providing multiple revenue streams. Sale includes furniture, fixtures, and equipment (FF&E) necessary for ongoing operations. Competition: The business operates in a stable local market with strong repeat customer traffic and consistent demand for both dining and private events. In addition to local residents, the restaurant draws customers from surrounding communities, supporting steady year-round revenue. The location also benefits from proximity to a nearby private college, contributing seasonal traffic, visiting families, and event-driven bu
Full Property Details
Full Property Details for 205 E Chicago St
General
- Price: $1,100,000
- Taxes: $26,791
- Status: Active
- Type: Business
- Source: SWMRIC_MLS
- MLS ID: 26051835
- Updated: 10/1/2026
- Added to Site: 3 day(s) ago
Business
- Business Type: Restaurant, Bar/Tavern/Lounge
Interior
- Interior Features: Broadband
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Location
- County: Hillsdale
- Cross Streets: Water Street
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Hot Water
Utilities
- Cable Available: Yes
- Utility Description: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
Structural Information
- # Buildings: 1
- Construction: Brick, Stone
- Stories/Levels: 7978
- Year Built: 2010
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,663
- Lot Dimensions: 45 x 108
- Frontage: Paved
Financial Considerations
- Tax Amount: $26,791.62
- Terms: Conventional, Other, Cash
Disclosures and Reports
- Legal Description: Per Grid
- Property ID: 21-060-001-132
Listed by Spieth & Satow Auctions & Real Estate, Darin W Spieth
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Schools
Schools serving 205 E Chicago St
School District:Jonesville Community Schools
| Name | Grades | Distance |
|---|---|---|
Williams Elementary School 440 Adrian Street, Jonesville, MI 49250 | K-5 | 0.6 mi |
Jonesville Middle School 401 East Chicago Street, Jonesville, MI 49250 | 6-8 | 0.2 mi |
Jonesville High School 460 Adrian Road, Jonesville, MI 49250 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 205 E Chicago St
Date
Details
Price
Change
Source
9/29/2026
Listed
$1,100,000
41.94%
MLS
6/18/2018
Sold
$775,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 205 E Chicago St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$77
4%
$1,300
—
2024
$74
4%
$1,300
8%
2023
$71
6%
$1,200
—
2021
$67
3%
$1,200
—
2021
$65
—
$1,200
9%
2020
$65
3%
$1,100
—
2019
$63
47%
$1,100
10%
2018
$43
87%
$1,000
—
2018
$23
100%
$1,000
—
2016
—
$1,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 205 E Chicago St
205 E Chicago Street, Jonesville, MI 49250 (MLS# 26051835) is a Business property. 205 E Chicago Street is currently listed for $1,100,000 and was received on September 29, 2026. Want to learn more about 205 E Chicago Street? Do you have questions about finding other Business real estate for sale in Jonesville? You can browse all Jonesville real estate or contact a Coldwell Banker agent to request more information.

