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    Restaurant and Bar Property Title is generated by Realmo AI

    178 Mill Street, Sumpter, OR 97877

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    Claim this Listing
    For Sale
    $375,000

    Vacant Land - Sumpter, OR

    Property size:
    3,492 SF
    Lot size:
    0.86 Acres
    Price / SF:
    $107/SF
    Added:
    Sep 30, 2025
    Days on Market:
    251
    Last Refresh:
    Jun 7 at 10:06 pm

    Property Features for 178 Mill Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    2301 & 2400
    Lot size
    0.86 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2020

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lindsey Madden
    Lindsey Madden

    Listing agent Lindsey Madden

    Listing office Madden Realty 237 S. Canyon BLVD, John Day, OR

    Listing date Sep 30, 2025

    MLS# 11586004 Listing URL

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

    HighLights

    • Golden Pick Saloon & Grill for sale in historic Sumpter, Oregon—bar and restaurant business with a commercial property.
    • Approximately 3,492 SF commercial building on 0.56 acres, plus an additional 0.30‑acre residential lot behind the property.
    • Fully equipped commercial kitchen with Wolf propane stove and oven, electric pizza oven, fire suppression system, grease trap, and walk‑in coolers/freezers.
    • Includes multiple free‑standing freezers and coolers and plenty of prep space; kitchen is centrally located for access to bar and restaurant areas.
    • Bar area seating: 10 stools, 9 tables, and shuffleboard table; wired for Video Lottery.
    • Restaurant area includes six tables for 22 guests total, with ability to add more seating; both bar and restaurant have two half baths each side and there is a covered patio.

    Overview

    This for-sale restaurant and bar property includes a commercial building and supporting site amenities. The building is described as approximately 3,492 square feet and features a fully equipped commercial kitchen with a Wolf propane stove and oven, an electric pizza oven, walk-in coolers and freezers, multiple free-standing freezers and coolers, a grease trap, ample prep space, and a fire suppression system. The layout includes a bar area with seating for 10 stools, nine tables, and a shuffleboard table. The restaurant area is described with six tables accommodating 22 guests, with room to add additional tables and chairs. Both the bar and restaurant have half baths, two on each side, and there is a covered patio for outdoor dining. The bar area is also described as wired for Video Lottery.

    The property is situated just off the main road and includes ample parking for guests. The site is reported at 0.56 acres, and it includes an additional 0.30-acre residential lot located behind the property.

    This offering may suit buyers seeking an existing, food-and-beverage-ready facility with established back-of-house equipment and guest-facing dining and bar space, as well as an added residential lot on the same parcel for flexibility. The seller notes openness to carrying the contract with a substantial down payment for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    (Bike/Boat/Book/etc) Store Grocery & Convenience Store Bar & Pub Wine and Liquor Store Real Estate Agency Restaurant Grocery & Convenience Store Restaurant Hotel & Motel Bed & Breakfast

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

    Similar Places Nearby

    • Outlaws Bar & Grill — 175 Mill St, Sumpter, OR 97877

    Location Insight

    • Map
    • Local Demand
    City
    Sumpter
    County
    Baker
    State
    Oregon
    Longitude
    -118.201917
    Latitude
    44.744934

    FAQs

    What type of property is this?
    Bar & Pub - For-sale restaurant and bar building with an equipped kitchen, covered patio, and on-site parking plus an additional residential lot.
    Where is this bar & pub located?
    The property is located at 178 Mill Street Sumpter, OR.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Golden Pick Saloon & Grill for sale in historic Sumpter, Oregon—bar and restaurant business with a commercial property.; Approximately 3,492 SF commercial building on 0.56 acres, plus an additional 0.30‑acre residential lot behind the property.; Fully equipped commercial kitchen with Wolf propane stove and oven, electric pizza oven, fire suppression system, grease trap, and walk‑in coolers/freezers.
    (541) 792-0031
    We can help!
    Listing Contact
    Lindsey Madden
    Lindsey Madden
    Real Estate License ID: 201216605
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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.

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