Turnkey Bar and
206 W Main Street Durand, MI 48429
206 W Main Street, Durand, MI, 48429
$300,000
For Sale
$300,000
Turnkey bar and restaurant with a long bar, outdoor patio seating, and multiple operating licenses available.
Property Size2,567 SF
Price / SF$116.87
Days on Market133
Property Features for 206 W Main Street
General Information
- Standard status
- Active
- Size
- 2,567 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing agency
Heritage Real Estate Michigan
(517) 974-4322
Listed by
Terry Griffes
(517) 974-4322
Source
Homesforsaleinmich
Added: Mar 12 Updated: Jul 22 at 12:28PM Checked: Jul 22 at 12:28PM
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 Heritage Real Estate Michigan
Investment Insights
Based on property information with market context.
This turnkey bar and restaurant is being offered for sale with the key licensing required to operate. The property includes a Class C liquor license, a food service license, and an entertainment license, supporting a range of bar and entertainment programming. Interior features include a long bar with ample seating for patrons.
Guests can also enjoy an outdoor patio with seating. The property is located on W Main Street in Durand, Michigan.
With its licensed setup and ready-to-operate layout featuring bar seating and an outdoor patio, this is well suited for an owner-operator seeking to continue operating a neighborhood bar or launch a new concept in a fully equipped venue.
Guests can also enjoy an outdoor patio with seating. The property is located on W Main Street in Durand, Michigan.
With its licensed setup and ready-to-operate layout featuring bar seating and an outdoor patio, this is well suited for an owner-operator seeking to continue operating a neighborhood bar or launch a new concept in a fully equipped venue.
Key Highlights
- 2,567 sq. ft. bar and entertainment venue with long bar and ample seating
- Class C liquor license included
- Food service license included
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 | $37.0k | $14.40 |
| − Vacancy | −$2.6k | −$1.01 |
| EGI | $34.4k | $13.39 |
| − OpEx | −$8.6k | −$3.35 |
| NOI | $25.8k | $10.04 |
2,567 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$368.3K
$322.3K – $429.7K
NOI $25,783 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.4K
$428.2K – $571.0K
NOI $34,258 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Our 206 Bar
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Our 206 Bar — 206 W Main St, Durand, MI 48429
- D-Railed Bar & Grill — 111 N Saginaw St, Durand, MI 48429
FAQs
What type of property is this?
Bar & Pub - Turnkey bar and restaurant with a long bar, outdoor patio seating, and multiple operating licenses available.
Where is this bar & pub located?
The property is located at 206 W Main Street Durand, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,567 sq. ft. bar and entertainment venue with long bar and ample seating; Class C liquor license included; Food service license included
