19
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$1,100,000
Est. payment /mo
3 Baths
5,663 Sqft Lot
Active
205 E Chicago Street Jonesville, MI 49250
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Municipality Jonesville City
MLS Listing ID 26051835
Full Baths 3
Year Built 2010
Annual Tax Amount $26,791
Tax Year 2025
Lot Size 5,663 Sqft
Acres 0.13
Lot Dimensions 45x108
Property Sub-Type Business
Source Michigan Regional Information Center (MichRIC)
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 business throughout the year. Competition in the area is primarily casual dining, while this business maintains a differentiated position through its full-service dining experience, banquet/event capabilities, and established reputation. The combination of local demand, regional draw, and multiple revenue streams has supported consistent performance over time. Growth & Expansion: The business offers several clear and achievable opportunities for growth. Currently operating five days per week, extending hours to include one or two additional days could increase revenue with minimal changes to the existing model, as current financials are based on the five-day schedule. Additional upside exists through targeted marketing efforts. The business has historically relied on word-of-mouth and repeat customers, with limited advertising. Implementing digital marketing, social media, and targeted promotion (particularly for catering and private events) could further increase bookings and overall revenue. With established operations, experienced staff, and existing demand, the business is well positioned for a new owner to implement these opportunities and drive additional growth. Financing: SBA LOAN ELIGIBLE Seller financing available Partial seller financing available for qualified buyers; terms negotiable. Support & Training: The seller is committed to ensuring a smooth and successful transition for a new owner. Training will be provided on day-to-day operations, including pricing, ordering, menu execution, event coordination, and overall business management. The seller is available to assist on-site during an initial transition period, with the length and scope to be mutually agreed upon. In addition, the seller is willing to provide ongoing support via phone or email for an extended period following the transition to answer questions and provide guidance as needed. The business benefits from an established management team and experienced staff, further supporting a seamless ownership transition. 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 business throughout the year. Competition in the area is primarily casual dining, while this business maintains a differentiated position through its full-service dining experience, banquet/event capabilities, and established reputation. The combination of local demand, regional draw, and multiple revenue streams has supported consistent performance over time. Growth & Expansion: The business offers several clear and achievable opportunities for growth. Currently operating five days per week, extending hours to include one or two additional days could increase revenue with minimal changes to the existing model, as current financials are based on the five-day schedule. Additional upside exists through targeted marketing efforts. The business has historically relied on word-of-mouth and repeat customers, with limited advertising. Implementing digital marketing, social media, and targeted promotion (particularly for catering and private events) could further increase bookings and overall revenue. With established operations, experienced staff, and existing demand, the business is well positioned for a new owner to implement these opportunities and drive additional growth. Financing: SBA LOAN ELIGIBLE Seller financing available Partial seller financing available for qualified buyers; terms negotiable. Support & Training: The seller is committed to ensuring a smooth and successful transition for a new owner. Training will be provided on day-to-day operations, including pricing, ordering, menu execution, event coordination, and overall business management. The seller is available to assist on-site during an initial transition period, with the length and scope to be mutually agreed upon. In addition, the seller is willing to provide ongoing support via phone or email for an extended period following the transition to answer questions and provide guidance as needed. The business benefits from an established management team and experienced staff, further supporting a seamless ownership transition.
Location
State MI
County Hillsdale
Interior
Interior Features Broadband
Heating Hot Water
Cooling Central Air
Inclusions Real Estate, Licenses, Furniture, Equipment
Exterior
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
View Y/N No
Street Surface Paved
Building
Building Description Brick,Stone, Barrier Free
Structure Type Brick,Stone
New Construction No
Schools
School District Jonesville
Others
Tax ID 21-060-001-132
Acceptable Financing Conventional, Other, Cash
Listing Terms Conventional, Other, Cash
Listed by Spieth & Satow Auctions & Real Estate
NEARBY SCHOOL & BUSINESS
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