8474 Island Lake Road

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8474 Island Lake Road

Dexter, MI 48130
Business Price
$3.30M
Asset Type
Business Only Business-for-sale
Class
Class B

Financials

Real Estate
Not included
Franchise
No

What's Special

Cornman Farms Wedding/Events Venue <p>Class C Liquor License Included</p><p>Special Use Permits Included</p><p>Turn-Key Operation</p><p>Commercial Grade Kitchen</p><p>Back-Up Generator</p><p><span style="color: rgba(0, 0, 0, 1)">Event infrastructure with gas & electric hookups for tents up to 60'x120'</span></p>

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NOI
$80,000
Cap Rate
2.42%
DSCR
0.41
Underwater
Cash-on-Cash
-11.71%
Monthly Payment
$16,326.599
Annual Cash Flow
$-115,919.193

Location & Travel Times