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    219 E Main St Bannister, MI 48807

    For Sale
    $174,900

    Business And Real Estate - Bannister, MI

    Property size:
    7,280 SF
    Lot size:
    0.25 Acres
    Days on Market:
    227
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 219 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Residential
    APN
    0330003100
    Size
    7,280 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    1900
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    Keller Williams Professionals (734) 459-4700

    Listing agent Jeff Glover (734) 459-4700

    Listing date Apr 24, 2025

    MLS# 20250028983 Listing URL

    Copyright © 2025 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.

    Overview

    Bannister Commercial Investment Opportunity

    Located in Bannister, Michigan, this commercial investment opportunity features two vacant buildings being sold together, along with a State of Michigan Liquor License that transfers with the sale. Building 1 previously operated as a Bar & Grille and features a versatile layout suited for a variety of hospitality or retail uses. The space offers a foundation for reopening as a bar, restaurant, or other service-based business, with infrastructure ready for customization. Building 2 is a vacant hall with an expansive, open layout, ideal for event hosting, banquet use, or redevelopment into office or commercial space. The flexibility of the floor plan allows for a wide range of potential business concepts. An upper-level space serves as a blank canvas for conversion into a rental unit or owner-occupied apartment, offering an opportunity to generate additional income. The property is being sold as-is, with all existing contents included in the sale. The property is situated on a 0.25-acre lot. The combined property size is 7280 square feet. This property is located in Gratiot County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Law Firm Spa & Massage Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Bar & Pub

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

    Similar Places Nearby

    Happy Hour Bar & Grill

    Location Insight

    • Map
    • Local Demand
    City
    Bannister
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.421565
    Latitude
    43.132055

    FAQs

    What type of property is this?
    Bar - Two buildings with liquor license, ideal for redevelopment or hospitality.
    Where is this bar located?
    The property is located at 219 E Main St Bannister, MI.
    What is the asking price?
    The asking price for this property is $174,900.
    What are key features of this property?
    This property features: - Includes a transferable State of Michigan Liquor License.; - Two vacant buildings being sold together, offering diverse possibilities.; - Building 1 previously operated as a Bar & Grille with infrastructure in place.
    (734) 459-4700
    Request Owner's contact information
    219 E Main St Bannister, MI 48807
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    Bannister, MI 48807
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    Realmo Value Estimation

    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.

    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.

    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
    219 E Main St Bannister, MI 48807
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