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Bar and Restaurant with Apartment
For Sale
Contact for pricing
Pending

12946 S Straits Highway, Wolverine, MI 49799

Two-level property combines a furnished hospitality business with an upstairs residential unit and updated heating and cooling systems.

Property SizeContact for details
Days on Market143

Property Features for 12946 S Straits Highway

General Information

Standard status Pending
Property subtype Special Purpose, Business for Sale

Site & Location

Highway Access Yes
Road Access Yes

Restaurant

Equipment Included Yes
Liquor License Yes

Additional Details

Furnished Yes
Business Included Yes

Building Details

Buildings 1
Stories 2
Listing Agency: Coldwell Banker Commercial Schmidt, Realtors Harbor Springs
Listed By: Kendra Manning · License #MI
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 11:37PM

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 Coldwell Banker Commercial Schmidt, Realtors Harbor Springs

Investment Insights

Based on property information with market context.

This two-story commercial property combines a bar and restaurant on the main level with a three-bedroom, one-bathroom apartment above. The sale includes the real estate, liquor license, restaurant equipment, furnishings, and décor, subject to specified exceptions. The hospitality space includes beverage coolers, a commercial-size ice maker, bar stools, dining seating, televisions, and a stage. Its commercial kitchen is equipped with a pizza oven, flat-top grill, fryers, salad preparation station, walk-in cooler, deep-storage freezers, and wash station.

Located on the west side of S Straits Highway in downtown Wolverine, the property is within minutes of state forest campgrounds, the Sturgeon River, a golf course, and I-75. The furnace and central air units were replaced within the last couple of years. The upstairs apartment is described as suitable for short-term or long-term rental use.

Key Highlights

  • Bar and restaurant on the main floor with a 3‑bedroom, 1‑bathroom apartment above
  • Real estate, liquor license, restaurant equipment, furnishings, and décor included, with some exceptions
  • Commercial kitchen includes pizza oven, flat‑top grill, fryers, salad fridge station, walk‑in cooler, freezers, and wash station

Property Analytics

Current Use

Torrey Tavern Bar & Pub

Suggested Use

Top Pick Garden Center Grocery & Convenience Store Dental Office (Bike/Boat/Book/etc) Store Pet Grooming Service Daycare Center

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
Highway access
Yes
Paved road access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

63
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49799, MI

2,514
Population
1,484
Households
1.7
Avg Household Size
49
Median Age
15%
College-Educated
93%
High-School Grad
118.4 sq mi
ZIP Area
21
Density / Sq Mi
$51,029
Median Household Income
$31,023
Median Earnings
$682
Median Rent
$164,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Similar Off Market Nearby

  • Torrey Tavern 12946 S Straits Hwy, Wolverine, MI 49799

Frequently Asked Questions

What type of property is this?
Bar & Pub - Two-level property combines a furnished hospitality business with an upstairs residential unit and updated heating and cooling systems.
Where is this bar & pub located?
The property is located at 12946 S Straits Highway Wolverine, MI.
What are key features of this property?
This property features: Bar and restaurant on the main floor with a 3‑bedroom, 1‑bathroom apartment above; Real estate, liquor license, restaurant equipment, furnishings, and décor included, with some exceptions; Commercial kitchen includes pizza oven, flat‑top grill, fryers, salad fridge station, walk‑in cooler, freezers, and wash station
More about this property
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