Bar and Pub with Liquor
For Sale
$900,000
Anywhere Street SW, Wyoming, MI 49509
COMMERCIAL - Wyoming, MI
Property Size5,570 SF
Lot Size1.55 Acres
Price / SF$161.58
Days on Market183
Property Features for Anywhere Street SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
201 Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Parking
100
Interior features
Broadband
Elementary school district
Wyoming
Middle school district
Wyoming
High school district
Wyoming
Directions
Call Broker for exact directions. Off of US 131 in Wyoming.
Standard status
Active
APN
41-17-14-482-001
Size
5,570 SF
Lot size
1.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SW 1/4 SW 1/4 SE 1/4 SE 1/4 EX S 202 FT OF W 130 FT * SEC 14 T6N R12W 1.90 A.
Tax Annual Amount
22810
Legal Description
SW 1/4 SW 1/4 SE 1/4 SE 1/4 EX S 202 FT OF W 130 FT * SEC 14 T6N R12W 1.90 A.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1964
Floors in Building
2
Number of units
1
Building materials
Block, Concrete, Wood Siding, Brick
Roof type
Rubber
Listing Agency:
Robert Michaels LLC
(616) 745-3280
Listed By:
Michael R Hess
(616) 745-3280
Added: Feb 4
Changed: Aug 4
Last Checked: Aug 6 at 12:06PM
MLS# 26005338
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale bar and pub includes the real property, all furniture and fixtures, and both a Class C liquor license and an SDM liquor license. The property is built with block and concrete plus wood siding and brick, and it has forced-air heating and central air conditioning. Additional features include broadband and a rubber roof. The layout includes two bathrooms and a basement.
The property sits on a 1.55-acre lot in Wyoming, Michigan (49509). The listing also notes possible land contract terms depending on whether the lot can be split, as reviewed through the Wyoming Zoning Department, with the potential to split the property vertically or horizontally.
Built in 1964, this is a straightforward opportunity for an operator or buyer looking for a bar and pub location with liquor licensing included as part of the sale package.
The property sits on a 1.55-acre lot in Wyoming, Michigan (49509). The listing also notes possible land contract terms depending on whether the lot can be split, as reviewed through the Wyoming Zoning Department, with the potential to split the property vertically or horizontally.
Built in 1964, this is a straightforward opportunity for an operator or buyer looking for a bar and pub location with liquor licensing included as part of the sale package.
Key Highlights
- 1.55‑acre lot in Wyoming, MI 49509
- 5,570 SF bar and pub building
- Class C liquor license and SDM liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,952
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,040
$1.2M
Cap Rate 7%
$885,029
$885.0K
Cap Rate 9%
$688,356
$688.4K
Market Conditions
NOI Build-Up for 5,570 SF
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.
Gross rent
$86.2K $15.48/SF
− Vacancy
−$3.6K −$0.65/SF
EGI
$82.6K $14.83/SF
− OpEx
−$20.7K −$3.71/SF
NOI
$62.0K $11.12/SF
Area
Kent County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,040
Cap Rate 7%
$885,029
Cap Rate 9%
$688,356
Alternative Uses
Best Use
Specialty Retail
$885.0K
$774.4K – $1.03M
NOI $61,952 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.2K
$871.7K – $1.16M
NOI $69,736 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49509, MI
28,340
Population
10,611
Households
2.7
Avg Household Size
34
Median Age
19%
College-Educated
85%
High-School Grad
7.3 sq mi
ZIP Area
3,882
Density / Sq Mi
$64,981
Median Household Income
$38,356
Median Earnings
$983
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- El Rodeo Mexican Sports Bar & Grille — 945 36th St SW, Wyoming, MI 49509
- KD's Sports Bar — 945 36th st, wyoming, mi 49509
Frequently Asked Questions
What type of property is this?
Bar & Pub - For-sale bar and pub with Class C and SDM liquor licenses, central air, forced-air heat, and included furniture and fixtures.
Where is this bar & pub located?
The property is located at Anywhere Street SW Wyoming, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1.55‑acre lot in Wyoming, MI 49509; 5,570 SF bar and pub building; Class C liquor license and SDM liquor license included
