205 E Chicago Street
Jonesville, MI, 49250 $ 1,100,000
Bedrooms-- Baths3.0 Monthly Estimate*
$ 7,597
for $1,100,000 with 3 full baths. This building was built in 2010 on a lot size of 0.13.
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 NDATurnkey, 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 re
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FeaturesGeneralSewer PublicSewer
Heating Geothermal HotWater
Cooling CentralAir
Utilities ElectricityConnected NaturalGasConnected PhoneAvailable PhoneConnected
Possession CloseOfEscrow
Construction Materials Brick SteelSiding Stone
Year Built 2010
Property Subtype BusinessandRealEstate
Tax Year 2025
Accessibility InteriorDisabledFacilities
County Hillsdale
New Construction N
Property Type BusinessOpportunity
HOA N
Attached Garage N
Garage Y/N N
Building Features Furniture
Status Active
City JonesvilleCity_Hillsdale
Disclosures NonConformingZoning
Senior Community Y/N N
High School District Jonesville
Number Of Units Total 1
MLS Area Area30062Jonesville
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 26791.62
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
Tax Assessed Value 370000
Legal Description Per Grid
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InteriorBasement CommonStorageLocker
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Total Baths 3
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ExteriorParking Features Paved
Water Source Public
Lot Size Area 5663.0
Foundation Details Basement
Number of Buildings 1
Spa N
Lot Dimensions 45x108
Lot Size Acres 0.13
Road Surface Type Paved
Waterfront Y/N N
Other Equipment Other
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByDarin W SpiethListing Agent
Spieth & Satow Auctions & Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $7,597
- Monthly Property Taxes
- $2,233
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyCommerical listings in Jonesville, MI
Average List Price $529,156
Percent of Sale Price 52%
About Jonesville, MI 2,081 Population
-5% Since 2002
$ 46,579 Median Income
37.75 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1257842 Elementary School
1257843 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/29/2026 | $1,100,000 | | Listed Price |