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    Caro, MI
    Bar & Pub

    Caro, MI Bars & Pubs for Sale

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    Mayville, MI Vassar, MI Kingston, MI
    Restaurant, Bar with Apartments
    Updated: Oct 22, 2025
    Restaurant, Bar with Apartments

    261 N State Street, Caro, MI 48723

    $450,000
    3,368 sqft · 0.04 AC lot
    Fully functioning restaurant/bar with existing customer base.
    Sale includes liquor license.
    Two upstairs apartments provide rental income potential.
    Prime downtown Caro location.
    The two‑bedroom apartment has been recently touched up.
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    This listing looks promising.

    Here's a quick look at some key insights for

    261 N State Street, Caro, MI 48723

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    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $37K
      Annual

    • Price @ 7% Cap

      $535K
      Above asking

    • Last Sold

      Feb 2024
      $75K
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Caro, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Opportunity in Bay City
    Mixed-Use Opportunity in Bay City

    108 S Linn, Bay City, MI 48706

    $450,000
    5,043 sqft · 0.14 AC lot

    Mixed-use property with redevelopment potential in a growing downtown corridor.

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    Established Bar and Grill For Sale
    Established Bar and Grill For Sale

    Clio, MI 48420

    $199,900
    4,214 sqft · 1.19 AC lot

    Family-owned bar and grill with liquor license and real estate.

    View details
    Bar and Grill with Outdoor Patio
    Bar and Grill with Outdoor Patio

    13508 N Saginaw Road, Clio, MI 48420

    $199,900
    4,214 sqft · 1.19 AC lot

    Well-established bar and grill offering main bar and grill seating, separate dining, and an outdoor patio deck.

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    Class C Liquor License Opportunity
    Class C Liquor License Opportunity

    000 Main St., Bay City, MI 48706

    $59,999
    100 sqft

    For sale: a Bay County Class C liquor license allowing on-premises beer, wine, and spirits sales.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Turn-Key Waterfront Restaurant
    Turn-Key Waterfront Restaurant

    2403 Sunnyside Drive, Cadillac, MI 49601

    $774,000
    5,136 sqft · 3.00 AC lot

    For sale restaurant with interior dining, a waterfront deck, catering services, and liquor/beer/wine licensing.

    View details
    Turn-Key Waterfront Restaurant
    Turn-Key Waterfront Restaurant

    2403 Sunnyside Drive, Cadillac, MI 49601

    $774,000
    5,136 sqft · 3.00 AC lot

    A high-traffic Cadillac restaurant with waterfront water views, including interior seating and seasonal deck dining.

    View details
    Redevelopment Land with Parking
    Redevelopment Land with Parking

    6082 Andrews Road, Mentor On The Lake, OH 44060

    $299,000
    0.48 AC lot

    Cleared commercial land with street utilities, multiple driveways, and parking—positioned for a range of commercial builds.

    View details
    Redevelopment-Ready Commercial Land Parcel
    Redevelopment-Ready Commercial Land Parcel

    6082 Andrews Road, Mentor On The Lake, OH 44060

    $299,000
    0.48 AC lot

    Cleared commercial site with multiple driveways, parking, and patio areas, positioned on a high-traffic corner.

    View details

    Caro, MI Bars & Pubs Market Trends and Statistics

    Explore 1 bars & pubs for sale in Caro, MI on our real estate platform. These investment opportunities span a total of 3,368 square feet of properties for sale, with an estimated market value of $450,000.

    Sale prices for pubs in Caro, MI start at $450,000, averaging $450,000, and reaching up to $450,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 2
    Drive through restaurants 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) -0.6%
    Median Household Income $56,618
    College Educated 24.2%

    High-Yield Neighborhoods for Investment

    Identify Caro submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48723 $450K

    Taxes & Financing

    Tax Rate (average for all types) 4.73%
    Average Loan-to-Value 65.0%

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