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    227 W Portage Ave Sault Sainte Marie, MI 49783

    For Sale
    $990,000

    Business - Sault Ste Marie, MI

    Type:Business
    Property size:
    3,200 SF
    Days on Market:
    153
    Last Refresh:
    Dec 7 at 7:06 pm

    Property Features for 227 W Portage Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Rooms
    Basement
    APN
    051-141-003-00
    Parking features
    Parking Lot
    Interior features
    Elevator, Furnished, Handicap Access, Kitchen Area, Lounge/Bar, Restaurant, Storage
    Exterior features
    High Traffic Location, Handicap Access
    Basement Y/N
    1
    Accessibility
    Accessible Approach with Ramp, Accessible Elevator Installed
    Size
    3,200 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Number of units
    1
    Building materials
    Brick, Stone
    Roof type
    Rubber
    Architectural style
    Other

    Five Water Realty

    Listing agent Shelly Morley (906) 226-7300 License #6505431232

    Listing date Jul 8, 2025

    MLS# 25-617 Listing URL

    Copyright © 2025 Eastern Upper Peninsula Board 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.

    Overview

    Iconic Bar and Restaurant Opportunity

    Moloney's Alley, an iconic family-owned bar and restaurant, is available for purchase. This turnkey business opportunity includes all assets necessary for a seamless transition to new ownership. The establishment has a stellar reputation for its food and cocktails, featuring 20 beers on tap. The property includes ample bar seating, a large dining room, sidewalk cafe seating, and a back lot suitable for outside events. Situated in the heart of Sault Ste Marie, Michigan, the property is located on West Portage Avenue, across the street from the locks and within walking distance of several hotels and downtown attractions. The business has been well-established for over 30 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    The Wicked Sister

    Location Insight

    • Map
    • Local Demand
    City
    Sault Sainte Marie
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.347962
    Latitude
    46.500828

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    FAQs

    What type of property is this?
    Bar - Turnkey bar and restaurant for sale in Sault Ste. Marie.
    Where is this bar located?
    The property is located at 227 W Portage Ave Sault Sainte Marie, MI.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: - Iconic, well-established bar/restaurant with over 30 years in business and a stellar reputation.; - Turnkey operation including all equipment and furnishings for a seamless transition.; - Prime location on West Portage Ave, across from the locks, near hotels and downtown attractions.
    (906) 226-7300
    Request Owner's contact information
    227 W Portage Ave Sault Sainte Marie, MI 49783
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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
    227 W Portage Ave Sault Sainte Marie, MI 49783
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