Retail Space / Michigan / Crystal Falls / 49920 / 1353 U.S. 2

1353 U.S. 2

Crystal Falls, MI 49920

Listing ID: 294148

$139,900

For Sale

Property Type Retail for Sale : Food Service
Lot Size Acres 0.000
Building Sq Ft 2,730
Building Price per Sq Ft $51.25

Description

If you've been thinking about operating your own food service, catering, or banquet business, you'll want to check out this great business located in the Williams Mini Mall! Established in 1978, Fob's Restaurant is known near and far for quality food and pies. Average annual sales for this business-only opportunity is approximately $500,000. The restaurant has a 20x54 dining room, 16x16 additional seating or private party area, separate private party room, and 17x27 kitchen with new hood and air conditioning. Fob's has been a family-owned restaurant from the beginning and has approximately 20 employees. Land contract may be considered with a significant down payment.

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Listing Demographics for 1353 U.S. 2 Crystal Falls, MI 49920

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		1,023	1,414	1,936
Population Median Age		44	46	48
Population by Age	0-9 Yrs	90 (8%)	117 (8%)	151 (7%)
	10-19 Yrs	148 (14%)	185 (13%)	224 (11%)
	20-29 Yrs	83 (8%)	105 (7%)	134 (6%)
	30-39 Yrs	117 (11%)	155 (10%)	199 (10%)
	40-49 Yrs	123 (12%)	153 (10%)	187 (9%)
	50-59 Yrs	167 (16%)	218 (15%)	284 (14%)
	60-69 Yrs	122 (11%)	205 (14%)	335 (17%)
	70+ Yrs	173 (16%)	278 (19%)	422 (21%)

Median HH Income		$54,672	$53,294	$51,593
Total Household Income	< 24K	131 (29%)	180 (29%)	249 (29%)
	25-49K	65 (14%)	104 (16%)	165 (19%)
	50-74K	106 (24%)	144 (23%)	195 (22%)
	75-99K	85 (19%)	115 (18%)	152 (17%)
	100-199K	42 (9%)	58 (9%)	79 (9%)
	200K+	8 (1%)	12 (1%)	17 (1%)

Highest Education Level	No Diploma	98	118	138
	Diploma or GED	208	349	559
	Some College	239	305	384
	Assoc. Degree	55	89	136
	Bachelors Degree	83	116	164
	Higher Degree	70	97	132

Total Housing Units		569	890	1,370
--Owner-Occupied		395	556	782
--Renter-Occupied		42	56	75
Owner-Occupied Values	< 100K	302	380	472
	100-199K	80	128	202
	200-299K	11	31	62
	300-399K	1	12	32
	400-499K	0	2	6
	500K+	0	3	8

Total Working Age Population		866	1,207	1,667
In Work Force		443	578	752
Not In Work Force		423	629	915
Workforce Employed		405	535	704
Workforce Unemployed		33	38	43
Civlian Workforce		438	573	746
Military Workforce		5	5	6

Total Households		438	613	857
Family Households		257	344	462
Non-Family Households		181	269	395
Married Couple		147	219	324
Other Family		109	126	138
Married w/Child		36	47	61
Single Male w/Child		13	15	16
Single Female w/Child		18	21	22

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Iron County	13,138	-10	11,817	-8	10,923	-2	10,653

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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