Restaurant with On-Site
For Sale
$499,500
600 E Bay Street, East Tawas, MI 48730
The sale includes furniture, fixtures, equipment, a Resort Class C liquor license, the business name, and goodwill.
Property Size5,400 SF
Price / SF$92.50
Days on Market1537
Property Features for 600 E Bay Street
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,976
Building Details
Building Size
5,400 SF
Year Built
1960
Listing Agency:
CENTRAL REAL ESTATE MT PLEASANT, INC.
(989) 773-6000
Listed By:
Dave Zamarron
(989) 621-8972
Source:
Centralmirealty
Added: Aug 15, 2022
Changed: Oct 27
Last Checked: Oct 29 at 9:11AM
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 CENTRAL REAL ESTATE MT PLEASANT, INC.
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Investment Insights
Based on property information with market context.
This 5,400-square-foot restaurant in East Tawas was built in 1960 and is zoned Commercial. The sale includes the furniture, fixtures, equipment, business name, goodwill, and a Resort Class C liquor license. An equipment and inventory list is available at the listing office.
The property has frontage on US-23 and includes private parking. City parking is also provided along Alice Street.
The property has frontage on US-23 and includes private parking. City parking is also provided along Alice Street.
Key Highlights
- 5,400‑square‑foot restaurant building constructed in 1960
- Frontage on US‑23
- Furniture, fixtures, equipment, business name, and goodwill included in the sale
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 12%
Electronics 6%
Ben Franklin
Shops & Services
8,209 visits/mo
0.4 miles
Hungry Howie's Pizza
Dining
1,259 visits/mo
0.5 miles
AT&T
Electronics
634 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
537 visits/mo
0.5 miles
Demographics for 48730, MI
4,443
Population
3,536
Households
1.3
Avg Household Size
55
Median Age
24%
College-Educated
94%
High-School Grad
81.5 sq mi
ZIP Area
55
Density / Sq Mi
$48,993
Median Household Income
$31,478
Median Earnings
$608
Median Rent
$139,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes furniture, fixtures, equipment, a Resort Class C liquor license, the business name, and goodwill.
Where is this conventional restaurant located?
The property is located at 600 E Bay Street East Tawas, MI.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: 5,400‑square‑foot restaurant building constructed in 1960; Frontage on US‑23; Furniture, fixtures, equipment, business name, and goodwill included in the sale
