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    403 17Th St Gladstone, MI 49837

    Sponsored
    For Sale
    $225,000

    Established Bar & Restaurant, Liquor License Included

    Property size:
    1,212 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional business opportunity presents the chance to own the Bungalow Tavern, a well-established Gladstone, MI establishment operating since 1934. Located at 403 N 17th, this charming, railroad-themed venue boasts 1,212 square feet situated on a 0.88-acre lot. The tavern comfortably seats approximately 45 guests with a full bar, two restrooms, and ample parking. The sale includes a valuable liquor license, a pool table, and all necessary equipment for immediate operation. A fully updated kitchen, a key feature of this turnkey operation, is equipped with new appliances, including a walk-in freezer, deep fryers, stove/oven, flat top, and a new ice machine. Recent upgrades also encompass new flooring behind the bar, a back bar cooler, a complete draft system with glycol cooling, a new walk-in cooler, updated plumbing supply lines, LED canned lighting, and a new motor in the exhaust system. The kitchen floor has also been recently re-stained and sealed. This is a rare opportunity to acquire a profitable, established business with significant recent investments, ready for immediate operation and continued success. The asking price for this turnkey operation is $225,000.

    Property Features for 403 17Th St

    General Information

    Property type
    Investment properties
    Square Feet
    1,212 SF
    Lot Size
    38,333 SF

    Building Details

    Year Built
    1934
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladstone
    County
    Delta
    State
    Michigan
    Longitude
    -87.03232
    Latitude
    45.85057

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    FAQs

    What type of property is this?
    Investment property - Established Bar & Restaurant, Liquor License Included
    Where is this investment property located?
    The property is located at 403 17Th St Gladstone, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    (906) 233-7455
    Request Owner's contact information
    403 17Th St Gladstone, MI 49837
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    Gladstone, MI 49837
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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
    403 17Th St Gladstone, MI 49837
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