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    105 N Van Buren Street Bloomingdale, MI 49026

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    Claim this Listing
    For Sale
    $150,000

    COMMERCIAL - Bloomingdale, MI

    Type:Retail
    Property size:
    2,720 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $55/SF
    Added:
    Oct 17, 2024
    Days on Market:
    557
    Last Refresh:
    Apr 26 at 7:06 pm

    Property Features for 105 N Van Buren Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    80-42-680-001-50
    Size
    2,720 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lengthy Legal, See Documents
    Tax Annual Amount
    2143

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    Benjamin M Otis

    Listing agent Benjamin M Otis License #6502390146

    Listing office Weichert REALTORS Plat Allegan 223 Hubbard, Allegan, MI

    Listing date Oct 17, 2024

    MLS# 24054833

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Bar in Central Location

    This is an opportunity to own an established bar centrally located in Bloomingdale, Michigan. The bar, a local fixture for years, comes with all necessary equipment and furnishings, as well as a Class C liquor license. The 2,720 square foot property features a large seating area, a spacious bar, and room for events. Situated on a 0.08-acre lot in a high-traffic area with good visibility, it draws a steady customer base. The sale includes all fixtures, furnishings, and equipment, making it a turnkey operation. The historic building offers a unique setting with classic design elements. There is also potential to expand the business and introduce new services. The property is located at 105 N Van Buren Street, Bloomingdale, MI 49026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Food Market Storage Facility Grocery & Convenience Store Electrical Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.957155
    Latitude
    42.383222

    Nearby Similar for Sale

    • $400,000

      Two-Story Home with Acreage

      Two-story home with mother-in-law suite on 24 acres.
      508 N Van Buren Street, Bloomingdale, MI 49026
      View Details
    • $134,000
      2,528 SF

      Historic Bank Building Opportunity

      Historic Bloomingdale bank building, versatile for residential or commercial use.
      101 W Spring Street, Bloomingdale, MI 49026
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    • $145,000

      Versatile Storage Opportunity Near Eagle Lake

      Expansive property ideal for storage and entrepreneurial ventures near Eagle Lake.
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    • $150,000
      2,720 SF

      Established Bar in Central Bloomingdale

      Turnkey bar with Class C liquor license in high-traffic area.
      105 N Van Buren Street, BloomingdaleVillage_VanBuren, MI 49026
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Turnkey bar with Class C liquor license in Bloomingdale, MI.
    Where is this bar & pub located?
    The property is located at 105 N Van Buren Street Bloomingdale, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Established bar with Class C liquor license included.; Turnkey operation with **all fixtures, furnishings, and equipment included**.; Central location in Bloomingdale with high‑traffic and good visibility.
    (616) 275-2998
    We can help!
    Listing Contact
    Benjamin M Otis
    Real Estate License ID: 6502390146
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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