Mixed-Use Property with
For Sale
$450,000
261 N State Street, Caro, MI 48723
Includes an operating bar, liquor license, and two upstairs apartments with residential accommodations.
Property SizeContact for details
Days on Market458
Property Features for 261 N State Street
General Information
Standard status
Active
Property subtype
General Commercial
Additional Details
Business Included
Yes
Liquor License
Yes
Amenities
3
25x78
Building Details
Year Built
1900
Stories
2
Listing Agency:
(810) 515-1503
Listed By:
Keller Williams First
Source:
Xome
Added: Jun 2, 2025
Changed: Aug 30
Last Checked: Aug 31 at 1:42PM
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 Keller Williams First
Investment Insights
Based on property information with market context.
Located at 261 N State Street in downtown Caro, this mixed-use property combines a restaurant and bar with residential space above. The commercial component is operating, and the sale includes the bar’s liquor license.
Two apartments occupy the upper level. One includes a bedroom plus an additional room suited for storage or office use; the second contains two bedrooms and has been recently touched up. Constructed in 1900, the building places food-and-beverage operations and residential units within the same downtown property.
Two apartments occupy the upper level. One includes a bedroom plus an additional room suited for storage or office use; the second contains two bedrooms and has been recently touched up. Constructed in 1900, the building places food-and-beverage operations and residential units within the same downtown property.
Key Highlights
- Operating restaurant and bar in downtown Caro
- Sale includes the bar’s liquor license
- Two upstairs apartments included
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 48723, MI
11,953
Population
5,175
Households
2.3
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
131.8 sq mi
ZIP Area
91
Density / Sq Mi
$56,618
Median Household Income
$40,543
Median Earnings
$737
Median Rent
$131,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes an operating bar, liquor license, and two upstairs apartments with residential accommodations.
Where is this mixed-use property located?
The property is located at 261 N State Street Caro, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Operating restaurant and bar in downtown Caro; Sale includes the bar’s liquor license; Two upstairs apartments included
