Wolf Lake Tavern
For Sale
$299,900
27 S Wolf Lake Road, Muskegon, MI 49442
Commercial Sale, Muskegon, MI
Property Size1,944 SF
Lot Size0.34 Acres
Price / SF$154.27
Days on Market48
Property Features for 27 S Wolf Lake Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Oakridge
Middle school district
Oakridge
High school district
Oakridge
Standard status
Active
APN
11-360-016-0003-00
Size
1,944 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E-897 & 898 EGELSTON TOWNSHIP LAKE VIEW PARK LOTS 3 & 4 BLK 16
Tax Annual Amount
2443
Legal Description
E-897 & 898 EGELSTON TOWNSHIP LAKE VIEW PARK LOTS 3 & 4 BLK 16
Utilities
Utilities
Cable Available
Heating system
Forced Air
Water source
Well
Building Details
Year built
1940
Number of units
1
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Greenridge - Nexes
(231) 739-3501
Listed By:
William E Carlston · License #6506021186
(231) 759-3671
Added: Sep 1
Changed: Oct 8
Last Checked: Oct 18 at 8:06AM
MLS# 26046464
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Wolf Lake Tavern is a 1,944-square-foot bar property on a 0.34-acre parcel at 27 S Wolf Lake Road in Muskegon, Michigan. The building dates to 1940 and features wood siding, a composition roof, forced-air heating, and two bathrooms. Its open interior is suited to dancing, pool leagues, community gatherings, and similar activities.
A large parking area serves the property, while Wolf Lake is within walking distance. The site has a private well water source and cable availability. The property is offered as a bar and pub asset in the Wolf Lake community.
A large parking area serves the property, while Wolf Lake is within walking distance. The site has a private well water source and cable availability. The property is offered as a bar and pub asset in the Wolf Lake community.
Key Highlights
- 1,944 SF bar property on a 0.34‑acre parcel
- Open interior supports dancing, pool leagues, and gatherings
- Large parking area for patrons
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,622
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,440
$432.4K
Cap Rate 7%
$308,886
$308.9K
Cap Rate 9%
$240,244
$240.2K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$30.1K $15.48/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$28.8K $14.83/SF
− OpEx
−$7.2K −$3.71/SF
NOI
$21.6K $11.12/SF
Area
Muskegon County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,440
Cap Rate 7%
$308,886
Cap Rate 9%
$240,244
Alternative Uses
Best Use
Specialty Retail
$308.9K
$270.3K – $360.4K
NOI $21,622 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$18.26M
$15.97M – $21.30M
NOI $1,277,932 @ 7.0% cap · market cap 426.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49442, MI
45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
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
Similar Off Market Nearby
- Wolf Lake Tavern — 27 S Wolf Lake Rd, Muskegon, MI 49442
Frequently Asked Questions
What type of property is this?
Bar & Pub - Open layout supports dancing, pool leagues, gatherings, and other bar-related activities.
Where is this bar & pub located?
The property is located at 27 S Wolf Lake Road Muskegon, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,944 SF bar property on a 0.34‑acre parcel; Open interior supports dancing, pool leagues, and gatherings; Large parking area for patrons
