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Restaurant and Bar with Equipment
New
For Sale
$449,900

101 W Saint Joseph Street, Lawrence, MI 49064

The sale includes furnishings, inventory, kitchen and bar equipment, and the town’s only Class C liquor license.

Property Size5,952 SF
Price / SF$75.59
Days on Market4

Property Features for 101 W Saint Joseph Street

General Information

Standard status Active
Size 5,952 SF
Total Parking Spaces 25
Property subtype Commercial
Zoning Commercial

Restaurant

Equipment Included Yes
Liquor License Yes

Additional Details

Furnished Yes
Business Included Yes
Utilities to Site Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $1,700

Building Details

Building Size 5,952 SF
Year Built 1890
Buildings 2
Stories 1
Units 1
Listing Agency: RE/MAX Advantage
Listed By: Shelly Pattison · License #6501250397
Source: Alleyrealestatesales
Added: Nov 2 Last Checked: Nov 4 at 6:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advantage

Rey
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Investment Insights

Based on property information with market context.

This 5,952-square-foot restaurant and bar at 101 W Saint Joseph Street includes dining and bar areas, a kitchen, furnishings, inventory, and bar and kitchen equipment. The sale also includes the town’s only Class C liquor license. Building and equipment improvements include a furnace and central air system, electrical and plumbing updates, replacement windows, a sound system, a custom bar top, and touch-screen POS equipment. The building dates to 1890.

Parking is available on the street and behind the building, with space for approximately 25 vehicles. The property is in downtown Lawrence.

Key Highlights

  • 5,952 square feet
  • Includes the town’s only Class C liquor license
  • Sale includes bar and kitchen equipment, inventory, and furnishings

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Plumbing Service Auto Parts Store Hair Salon Grocery & Convenience Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Utilities to site
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

111
Businesses Nearby
Balanced
Demand for This Use

Demographics for 49064, MI

3,854
Population
1,746
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
80%
High-School Grad
48.1 sq mi
ZIP Area
80
Density / Sq Mi
$61,863
Median Household Income
$38,115
Median Earnings
$756
Median Rent
$163,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The sale includes furnishings, inventory, kitchen and bar equipment, and the town’s only Class C liquor license.
Where is this conventional restaurant located?
The property is located at 101 W Saint Joseph Street Lawrence, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 5,952 square feet; Includes the town’s only Class C liquor license; Sale includes bar and kitchen equipment, inventory, and furnishings
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