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$368,000

  • Sold
  • Closed
  • Retail
  • 2,310 Sq. Ft.
See This Home
Save This Home
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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.

Full Property Details for 1027 4th Ave

General

  • Sold For: $368,000
  • Taxes: $2,883
  • Status: Closed
  • Type: Retail
  • Source: SWMRIC_MLS
  • MLS ID: 24039972
  • Added to Site: 533 day(s) ago

Business

  • Business Type: Restaurant

Interior

  • Interior Features: Broadband

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Location

  • Area: Grand Rapids - G
  • County: Ionia
  • Cross Streets: 1st St & 4th Ave
  • Driving Directions: M-50 to 4th Ave, North on 4th Ave

Heating & Cooling

  • Heating Type: Baseboard, Forced Air

Utilities

  • Utility Description: Phone Connected, Natural Gas Connected, Electricity Connected

Structural Information

  • # Buildings: 2
  • Construction: Aluminum Siding, Brick
  • Foundation: Stone
  • Roof: Rubber
  • Square Feet: 2,310
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,401
  • Frontage: Paved
  • Zoning: C

Financial Considerations

  • Tax Amount: $2,883.68
  • Terms: Conventional, Assumable, Cash

Disclosures and Reports

  • Ownership: LLC
  • Legal Description: VILLAGE OF LAKE ODESSA BLOCK 8 LOT 8 ODESSA TWP, IONIA COUNTY, MICHIGAN
  • Property ID: 101-200-000-355-01

Listed by Amplified Real Estate, Steven J Lambert and Justine Hooper
Sold by Amplified Real Estate, Steven J Lambert

Listing agents

— 1027 4th Ave —

  • Steven J Lambert

    Amplified Real Estate

  • Justine Hooper

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1027 4th Ave

School District:Lakewood Public Schools
NameGradesDistance
Lakewood High School
7223 Velte Road, Lake Odessa, MI 48849
9-122 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1027 4th Ave

Date
Details
Price
Change
Source
12/08/2025
Sold
$368,000
-7.77%
MLS
8/02/2024
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Amplified Real Estate, Steven J Lambert and Justine Hooper
Sold by Amplified Real Estate, Steven J Lambert

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1027 4th Avenue, Lake Odessa, MI 48849 (MLS# 24039972) is a Retail property that was sold at $368,000 on December 08, 2025. Want to learn more about 1027 4th Avenue? Do you have questions about finding other Retail real estate for sale in Lake Odessa? You can browse all Lake Odessa real estate or contact a Coldwell Banker agent to request more information.