Bar and Pub with Fenced
New
For Sale
$480,000
10530 Old US Highway 27, Gaylord, MI 49735
Commercial Sale, Gaylord, MI
Property Size2,400 SF
Lot Size0.81 Acres
Price / SF$200
Days on Market2
Property Features for 10530 Old US Highway 27
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Parking features
Parking Lot
Subdivision
Supervisors PlatOf Waters
Directions
From I-75, take exit 270. West on Marlette Road to Old 27 S. - Head North and property is on left.
Standard status
Active
APN
091-460-000-140-00 AND 141-00
Size
2,400 SF
Lot size
0.81 Acres
Taxes and HOA fees
Tax Description
LOTS 140 - 142 SUPERVISORS PLAT OF WATERS. SEC 29 T29N R3W.
Legal Description
LOTS 140 - 142 SUPERVISORS PLAT OF WATERS. SEC 29 T29N R3W.
Utilities
Sewer type
Septic Tank
Water source
Well
Building Details
Floors in Building
1
Building materials
Block
Listing Agency:
COLDWELL BANKER SCHMIDT GAYLORD
(989) 732-6777
Listed By:
Diane E Pompei · License #6506036430
(989) 390-3790
Added: Oct 16
Last Checked: Oct 17 at 11:06AM
MLS# 201843290
Copyright © 2026 Water Wonderland 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.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot bar and pub sits on a 0.81-acre parcel and includes an open dining room, 10-seat bar, dance floor, kitchen, walk-in cooler, two bathrooms, and food storage shed. A fenced patio provides additional outdoor space. The sale includes the liquor license and equipment. Recent work includes a new sign, fresh paint, backup generator, new floor joists in the walk-in cooler, and a new stove; the compressor is 6 years old.
The Belle Iron trail runs behind the property, with trail access and township bike parking next door. The surrounding area is described as popular with motorcycle, snowmobile, and ATV users, with state land nearby. The property is zoned B-2 and has well water, septic service, and a parking lot.
The Belle Iron trail runs behind the property, with trail access and township bike parking next door. The surrounding area is described as popular with motorcycle, snowmobile, and ATV users, with state land nearby. The property is zoned B-2 and has well water, septic service, and a parking lot.
Key Highlights
- 2,400 square feet on 0.81 acres
- Open dining room, 10‑seat bar, dance floor, and kitchen
- Walk‑in cooler, two bathrooms, food storage shed, and fenced patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,694
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,880
$533.9K
Cap Rate 7%
$381,343
$381.3K
Cap Rate 9%
$296,600
$296.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$37.2K $15.48/SF
− Vacancy
−$1.6K −$0.65/SF
EGI
$35.6K $14.83/SF
− OpEx
−$8.9K −$3.71/SF
NOI
$26.7K $11.12/SF
Area
Otsego 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 Rate 5%
$533,880
Cap Rate 7%
$381,343
Cap Rate 9%
$296,600
Alternative Uses
Best Use
Specialty Retail
$381.3K
$333.7K – $444.9K
NOI $26,694 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.29M
$2.88M – $3.84M
NOI $230,112 @ 7.0% cap · market cap 47.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49735, MI
20,568
Population
11,551
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
248.6 sq mi
ZIP Area
83
Density / Sq Mi
$69,050
Median Household Income
$39,813
Median Earnings
$876
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- The Keg Bar & Grill — 10530 Old US Hwy 27 S, Gaylord, MI 49735
Frequently Asked Questions
What type of property is this?
Bar & Pub - Dining and service areas include a 10-seat bar, kitchen, and fenced outdoor patio.
Where is this bar & pub located?
The property is located at 10530 Old US Highway 27 Gaylord, MI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2,400 square feet on 0.81 acres; Open dining room, 10‑seat bar, dance floor, and kitchen; Walk‑in cooler, two bathrooms, food storage shed, and fenced patio
