Turnkey Bar and
1110 Champion Street Marquette, MI 49855
1110 Champion Street, Marquette, MI, 49855
$1,150,000
For Sale
$1,150,000
Turnkey bar and restaurant for sale with included equipment, furnishings, inventory, and a county liquor license.
Property Size4,280 SF
Price / SF$268.69
Days on Market455
Property Features for 1110 Champion Street
General Information
- Standard status
- Active
- Size
- 4,280 SF
Listing agency
RE/MAX 1ST REALTY
(906) 361-7604
Listed by
DAVE MINGAY · License #6​5​0​5​4​2​0​5​9​2
(906) 361-7604
Source
Exprealty
Added: Apr 24, 2025 Updated: Jul 20 at 7:25PM Checked: Jul 22 at 1:35AM
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 1ST REALTY
Investment Insights
Based on property information with market context.
The Courtyards is a turnkey bar and restaurant sale offering a designed, functional layout in approximately 4,280 square feet. The space includes separate areas behind the bar and in the kitchen, along with dry storage, keg refrigeration, and a private office. A key component of the property is flexibility, as the bar and restaurant were designed to operate separately if desired.
The offering includes all equipment, furnishings, and inventory, along with a county liquor license. Recipes and menu are not included in the sale. Public remarks also note visibility from US 41 and an observed traffic count reported by MDOT of over 20,000 vehicles per day, plus a pedestrian crosswalk intended to make it easy for condo residents and hotel guests from across the street to visit.
The property is located at 1110 Champion Street in Marquette, Michigan.
The offering includes all equipment, furnishings, and inventory, along with a county liquor license. Recipes and menu are not included in the sale. Public remarks also note visibility from US 41 and an observed traffic count reported by MDOT of over 20,000 vehicles per day, plus a pedestrian crosswalk intended to make it easy for condo residents and hotel guests from across the street to visit.
The property is located at 1110 Champion Street in Marquette, Michigan.
Key Highlights
- Bar and restaurant property offered at $1.15 million; recently appraised at $1.6 million.
- Completely rebuilt from the 4 walls with a layout that supports separate operation of the bar and restaurant if desired.
- Includes equipment, furnishings, and all inventory; recipes and menus are not included in the sale.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.1k | $18.96 |
| − Vacancy | −$2.1k | −$0.49 |
| EGI | $79.0k | $18.47 |
| − OpEx | −$19.8k | −$4.62 |
| NOI | $59.3k | $13.85 |
4,280 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$846.8K
$741.0K – $988.0K
NOI $59,279 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,236 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
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FAQs
What type of property is this?
Bar & Pub - Turnkey bar and restaurant for sale with included equipment, furnishings, inventory, and a county liquor license.
Where is this bar & pub located?
The property is located at 1110 Champion Street Marquette, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Bar and restaurant property offered at $1.15 million; recently appraised at $1.6 million.; Completely rebuilt from the 4 walls with a layout that supports separate operation of the bar and restaurant if desired.; Includes equipment, furnishings, and all inventory; recipes and menus are not included in the sale.
