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    The Largest CRE Database in the US with Over 1 Million Listings

    1530 Sheridan Rd Escanaba, MI 49829

    Sponsored
    For Sale
    $270,000

    Business - Escanaba, MI

    Type:Business
    Property size:
    2,300 SF
    Lot size:
    0.28 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 19 at 3:06 pm

    Property Features for 1530 Sheridan Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    Commercial
    APN
    051-370-2919-203-001
    Parking features
    Off Street, Parking Lot
    Patio and Porch features
    Patio, Deck
    Interior features
    ADA Accessible, Alley, Bath, Cable Internet Installed, Cable TV Available, Concrete Floor, Delivery Area, Delivery Door, Fence, Fixtures, Public Restrooms, Restroom(s), Roof Sign, Security Equipment, Sidewalks, Telephone, Trash Removal, Vinyl/Laminate Floors, Smoke/Fire Alarm
    Exterior features
    Ada Accessible, Alley, Fence, Deck/Patio, Wheelchair Access, Fence Owned
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Size
    2,300 SF
    Lot size
    0.28 Acres

    Utilities

    Utilities
    Cable Available, Phone Available
    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1899
    Flooring type
    Concrete, Laminate, Vinyl
    Building materials
    Block, Concrete, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    CHRISTOPHER GERMAIN
    CHRISTOPHER GERMAIN

    Premier Real Estate Inc (906) 786-5030

    Listing agent CHRISTOPHER GERMAIN (906) 786-5030

    Listing date Feb 19, 2026

    MLS# 50199738 Listing URL

    Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Bar with Outdoor Patio

    This established bar is situated on a 0.28-acre lot with ample paved on-site and off-street parking. The interior features 14 bar stools, five six-top tables, and two four-top tables, supporting a seating capacity of up to 112. The layout is suitable for live bands, entertainment, and special events, enhanced by updated lighting and newer flooring. The bar includes five taps with newer lines, a retro 50's Bevador circular cooler, main-floor bottle storage, sanitization sinks, bottle coolers, and dedicated dry storage areas. Recent mechanical updates include a newer furnace, central air, and water heater. A 34’ x 34’ fenced outdoor patio provides space for cornhole, outdoor entertainment, and private gatherings, adding seasonal appeal and revenue potential. Included equipment allows for expanded food service with an auto fryer, popcorn machine, and pizza oven, with potential to add a full kitchen. Entertainment amenities feature four large-screen TVs, two additional TVs for Keno, a sound system, and two pool tables owned by the bar, plus a Michigan Lottery Keno license. A TouchTunes jukebox, dart machine, and select games operate under profit-sharing agreements. The business operates under a Class C Liquor License with outdoor service. Current hours of operation are Tuesday–Thursday: 3:00 PM – Close; Friday & Saturday: 3:00 PM – Close; Sunday: Noon – 8:00 PM; Closed Mondays. All bar equipment, fixtures, and decor are included in the sale. Intellectual property, including the business name, logo, social media accounts, and merchandise, will transfer with the purchase. The property size is 2300 square feet. This property is located in Escanaba, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Similar Places Nearby

    Northtown Crown, Ore House, Chenier's Reef

    Location Insight

    • Map
    • Local Demand
    City
    Escanaba
    County
    Delta
    State
    Michigan
    Longitude
    -87.068843
    Latitude
    45.76588

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    FAQs

    What type of property is this?
    Bar - Well-maintained bar with loyal following and expansion potential.
    Where is this bar located?
    The property is located at 1530 Sheridan Rd Escanaba, MI.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: - Established bar business with strong fundamentals, loyal customer base, and growth potential.; - Spacious 0.28-acre lot with ample on-site and off-street parking.; - Class C Liquor License with outdoor service and Michigan Lottery Keno license.
    (906) 786-5030
    Request Owner's contact information
    1530 Sheridan Rd Escanaba, MI 49829
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    Escanaba, MI 49829
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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
    1530 Sheridan Rd Escanaba, MI 49829
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    We can help!
    Listing Contact
    CHRISTOPHER GERMAIN
    CHRISTOPHER GERMAIN
    (906) 786-5030 (906) 420-2783
    Learn more
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