228 N Jefferson Street Hastings, MI $ 399,000
228 N Jefferson Street
$ 399,000
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228 N Jefferson Street

Hastings, MI, 49058
$ 399,000
Bedrooms-- Baths-- Sq 2,066

Monthly Estimate*

$ 2,489

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Commercial Property for sale in Hastings, MI

for $399,000. This 2,066 square foot building was built in 1963 on a lot size of 0.2.

Cafe Style Restaurant For Sale - Specializing in Breakfast, Brunch, Lunch Menu. Confidential Property & Business Offering – Barry County, Michigan A rare opportunity is available to acquire a well-established breakfast, brunch, and lunch cafe-style restaurant along with its commercial real estate, all included in offered price. This business has become a local favorite, known for its inviting atmosphere and consistent performance. With the sale, the buyer not only secures a thriving cafe style restaurant but also ownership of the building itself — providing stability and long-term equity. From a financial standpoint, the cafe’s success is proven: The offering price reflects only about 45% of the total value when compared with standard restaurant valuation methods. In other words your getting this at over 50% of the actual value. Effectively, you are purchasing the business and building for roughly 1.3x annual owner cash flow (SDE) or 1.9x operating earnings (EBITA), a fraction of what similar operations would demand in today’s market. Who this is perfect for: An entrepreneur looking to step into restaurant ownership with a strong cash-flowing business already in place. A culinary couple or family team eager to run their own breakfast-and-lunch destination. An experienced operator ready to expand into a proven location with the advantage of owning the real estate. One who wants to own a restaurant but without the dawn til after dusk hours as is focused on Breakfast and Lunch. This is not just a business purchase — it’s a chance to step into a turnkey, community-loved restaurant and build your lifestyle around it. The combination of ongoing profitability, included real estate, and significant value savings make this an exceptional ownership opportunity. Offered price includes real estate!!! Location disclosure with executed NDA and Financials disclosed with NDA and buyer financial qualification

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Commercial Active

Price

$ 399,000

Property Type

Commercial

Taxes

$ 7,735

Style

RealEstateOnly

Lot Size

0.2

Year Built

1963

Town/City

Hastings

County/Region

Barry

MLS | Web ID

20251053294

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Utilities AboveGroundUtilities
Possession AtClose
Roof Rubber
Garage Spaces 0.0
Construction Materials Brick VinylSiding WoodSiding
Exclusions Exclusion(s) Do Not Exist
Year Built 1963
Electric Available440V Volts220
Levels One
Property Subtype RealEstateOnly
Current Use Restaurant Retail
Business Type Retail Service
Accessibility AccessibleCommonArea AccessibleDoors AccessibleEntrance AccessibleHallways CommonArea GripAccessibleFeatures OtherAccessibilityFeatures
County Barry
Net Operating Income 1.0
Operating Expense 1.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Building Features OutsideLighting Other Sidewalks
Status Active
Directions Corner of E. Jefferson & W. Mill Street Between Broadway & Michigan
City HastingsCity_Barry
Disclosures AnnualPropertyOperatingDataAvailable ConformstoZoning InventoryListAvailable NoEncroachment ExclusionsDoNotExist NoRestrictions
Senior Community Y/N N
High School District Hastings
Zoning Description Commercial
MLS Area Area91072Hastings
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 7735.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 75881
Expected Active Date 2025-11-11
Legal Description N 1/2 OF LOTS 364 & 365 ORIG PL AN OF THE VILLAGE (NOW CITY) OF HASTINGS.
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Exterior
Parking Features ParkingLot OnSite OnStreet
Water Source Public
Foundation Details Poured Slab
Spa N
Building Area Total 2066.0
Lot Dimensions 63 x 133 x 64 x 132
Lot Size Acres 0.2
Waterfront Y/N N
Road Frontage Type ClassA Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2066.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 228
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* Excluded Features
List By
David Elwood

Listing Agent

Epique Realty

Broker

(248) 568-5958

Phone

Affordability Calculator

$3,134
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,489
Monthly Property Taxes
$645
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4796289 Elementary School
4796288 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/11/2025$399,000 Listed Price

Map


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228 N Jefferson Street, Hastings, MI, 49058 is a Commercial Property for sale at $399,000 with 2,066 sqft and a lot size of 0.2. 228 N Jefferson Street was built in 1963. The property's zip code is 49058 which is in Hastings, MI