205 E Chicago Street Jonesville, MI $ 1,100,000
205 E Chicago Street
$ 1,100,000
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205 E Chicago Street

Jonesville, MI, 49250
$ 1,100,000
Bedrooms-- Baths3.0

Monthly Estimate*

$ 7,597

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Commercial Property for sale in Jonesville, MI

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 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.

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Commercial Active

Price

$ 1,100,000

Full Bath

3

Property Type

Commercial

Taxes

$ 26,791

Style

Business

Lot Size

0.13

Year Built

2010

Town/City

Jonesville

County/Region

Hillsdale

MLS | Web ID

26051835

Features
Interior
Interior Amenities Broadband
Total Stories 7978
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 3
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General
Heating Hot Water
Cooling Central Air
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Construction Materials Brick Stone
Year Built 2010
Township Jonesville City
Property Subtype Business
Tax Year 2025
Business Type Restaurant Bar/Tavern/Lounge
County Hillsdale
New Construction N
Property Type Commercial Sale
Building Features Barrier Free
Full Baths 3
Status Active
City Jonesville
High School District Jonesville
Number Of Units Total 1
Lot Size Units Acres
Lot Size Square Feet 5663.0
Listing Terms Conventional Other Cash
Land Lease Y/N N
Tax Annual Amount 26791.62
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
Senior Community None
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Exterior
Inclusions Real Estate Licenses Furniture Equipment
Lot Size Area 0.13
Number of Buildings 1
Spa N
Building Area Total 0.0
Lot Dimensions 45x108
Lot Size Acres 0.13
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 205
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* Excluded Features
List By
Spieth & Satow Auctions & Real Estate

Broker

darin@spiethandsatow.com

Email

Affordability Calculator

$9,830
Per Month
77%
23%
0%
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.
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Nearby
248658 Elementary School
250414 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/29/2026$1,100,000 Listed Price

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205 E Chicago Street, Jonesville, MI, 49250 is a Commercial Property for sale at $1,100,000 with a lot size of 0.13. 205 E Chicago Street has 3.0 baths and was built in 2010. The property's zip code is 49250 which is in Jonesville, MI