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    Flushing Bar and Restaurant Opportunity Title is generated by Realmo AI

    111 E MAIN Street, Flushing, MI 48433

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    For Sale
    $700,000

    Business And Real Estate - Flushing, MI

    Property size:
    5,188 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $134/SF
    Added:
    May 8, 2025
    Days on Market:
    394
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 111 E MAIN Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    5525551007
    Size
    5,188 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2712

    Building Details

    Year built
    1880
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Delia

    Listing agent Joseph Delia

    Listing office Keller Williams Paint Creek 440 S Main Street, Troy, MI

    Listing date May 8, 2025

    MLS# 20250033672 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Established bar and restaurant business operating since 1972, including real estate, building, and Class C liquor license.
    • Located in a visible, pedestrian‑friendly downtown location with consistent traffic flow.
    • Includes all furniture, fixtures, and equipment (FF&E).
    • Equipped commercial kitchen with fryers, flat‑top grill, walk‑in cooler, and prep/storage space.
    • Classic interior finishes such as original tin ceilings and wood detailing.
    • Opportunity to acquire a multi‑location package with Midway Tavern.

    Overview

    Available for acquisition is Skip’s Comeback Inn, a bar and restaurant established in 1972 and situated in downtown Flushing. The offering includes the real estate, building, Class C liquor license, and all furniture, fixtures, and equipment. The property is located in a visible location within a pedestrian-friendly downtown corridor, benefiting from local presence and consistent traffic flow. The interior features original tin ceilings, wood detailing, and decor that reflects local character. The commercial kitchen is equipped with fryers, a flat-top grill, walk-in cooler, and prep/storage space. The bar area provides ample seating and designated areas for food service and entertainment. The property, with a size of 5188 square feet and a lot size of 0.06 acres, is suitable for a new operator looking to build on a successful foundation or introduce a new concept. This offering includes the essential elements for continued business operations or future rebranding. The property is also available as a package with Midway Tavern.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $80.3k $15.48
    − Vacancy −$3.4k −$0.65
    EGI $76.9k $14.83
    − OpEx −$23.1k −$4.45
    NOI $53.9k $10.38
    5,188 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $769.4K
    $673.2K – $897.6K (±1% cap)
    NOI $53,856 @ 7.0% cap · market cap 7.69%
    Second Best
    Specialty Retail
    $657.2K
    $575.0K – $766.7K (±1% cap)
    NOI $46,001 @ 7.0% cap · market cap 6.57%
    Theoretical Best
    Office A
    $1.09M
    $955.2K – $1.27M (±1% cap)
    NOI $76,418 @ 7.0% cap · market cap 10.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Skip's Come Back ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Skip's Come Back Inn — 111 E Main St, Flushing, MI 48433
    • Duffy's of Flushing — 125 E Main St, Flushing, MI 48433

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Genesee
    State
    Michigan
    Longitude
    -83.8554436
    Latitude
    43.0632177

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    FAQs

    What type of property is this?
    Bar & Pub - Established bar and restaurant with real estate and liquor license.
    Where is this bar & pub located?
    The property is located at 111 E MAIN Street Flushing, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Established bar and restaurant business operating since 1972, including real estate, building, and Class C liquor license.; Located in a visible, pedestrian‑friendly downtown location with consistent traffic flow.; Includes all furniture, fixtures, and equipment (FF&E).
    (248) 649-7200
    We can help!
    Listing Contact
    Joseph Delia
    Request Owner's contact information
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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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