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Jenn Smart

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3459 S Us Highway 31 , Update, MI 49716
$1,050,000
Est. Payment: $5,471.70/mo
0 Bed
0 Bath
8400 Sqft
Status: active | Days on site: 8
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Outstanding opportunity to own a well-known restaurant property and business operation in Brutus, Michigan. Offered at $1,050,000, this unique commercial offering includes approximately 4 acres, a 5,700+ square foot building, large parking area, and excellent frontage along one of Northern Michigan's busiest highway corridors.The sale includes both the real estate and the restaurant business assets, including a Class C Resort Liquor License, kitchen equipment, restaurant furniture, point-of-sale system, phone system, back-office equipment, restaurant technology, and beer system equipment. A complete inventory list is available upon request.The building features two levels, a spacious and inviting dining area, views overlooking a water feature, and an outdoor deck for seasonal seating. The space is well suited for daily dining service, private events, weddings, and corporate functions. Historical gross revenue under Rusty Saw North was approximately $1.07M in 2024 and $1.15M in 2023.

Highlights

Listed by Christopher Skrobeck , (906) 360-4908 Van Treese Management LLC , (231) 373-7921. MiRealSource, Inc. mls logo

Property Type

Business Opportunity

Lot/Acreage
4

Year Built

1990

County

Emmet

Area

Maple River Twp (24009)

Listing ID

70523507

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:8400

Exterior Features

Lot Dimensions:360x480
Roof:Composite
Principal Interest
$5,472
Taxes
$232

Home Price

$1,050,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$210,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,471.70

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,471.70 $231.66 $0.00 $5,703.35
Yearly $65,660.35 $2,779.89 $0.00 $68,440.24
Total $1,969,810.58 $83,396.70 $0.00 $2,053,207.28
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Update, MI).

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Data last updated: 2026-09-02T04:57:55.100Z

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