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Bar with Entertainment Space
For Sale
$200,000

308 N State Street, Alma, MI 48801

Commercial, Alma, MI

Property Size1,220 SF
Lot Size0.09 Acres
Price / SF$163.93
Days on Market482

Property Features for 308 N State Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Parking features Parking Lot
Exterior features Block, Stucco/Drivit
Lot features Inside Lot
Directions S. on N. State from E. Superior St. Downtown Alma.
Subdivision Gratiot
Standard status Active
Size 1,220 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Description ORIGINAL TOWN, S 1/2 OF LOT 8, EXCEPT S 9 FT, BLOCK 22. 308 N STATE.
Legal Description ORIGINAL TOWN, S 1/2 OF LOT 8, EXCEPT S 9 FT, BLOCK 22. 308 N STATE.

Building Details

Building materials Frame
Roof type Membrane
Listing Agency: CENTURY 21 LEE-MAC REALTY
Listed By: Bob Fall · License #6501436188
Added: May 20, 2025 Changed: Sep 3 Last Checked: Sep 13 at 9:06AM
MLS# 1934056

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The Pine Knot Bar is a 1,220-square-foot bar property at 308 N State Street in Alma, Michigan. The operation includes a fully equipped bar, updated seating, and a separate entertainment area. The building features frame construction with block and stucco/Drivit exterior materials and a membrane roof.

Parking is available on site, with street and rear parking also identified in the property information. The 0.09-acre parcel provides a compact setting for the existing bar layout and customer amenities. The property is offered as an established bar operation with its physical improvements and equipment in place.

Key Highlights

  • 1,220‑square‑foot bar property on a 0.09‑acre parcel
  • Fully equipped bar included with the operation
  • Updated seating area and entertainment space

Property Analytics

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Current Use

Pine Knot Bar Bar & Pub

Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Building Supply Real Estate Agency Law Firm Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby
15k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 80% Home Improvements & Furnishings 20%
Dollar General Shops & Services
7,511 visits/mo 0.3 miles
Alma True Value Hardware Home Improvements & Furnishings
2,218 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
2,031 visits/mo 0.1 miles
Citgo Shops & Services
1,713 visits/mo 0.3 miles
Mercantile Bank Shops & Services
1,213 visits/mo 0.1 miles

Demographics for 48801, MI

13,006
Population
5,408
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
95%
High-School Grad
70.8 sq mi
ZIP Area
184
Density / Sq Mi
$57,449
Median Household Income
$30,146
Median Earnings
$795
Median Rent
$120,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Pine Knot Bar 308 N State St, Alma, MI 48801
  • Starbucks 328 W Superior St, Alma, MI 48801
  • Pizza One 205 E Superior St, Alma, MI 48801
  • Bravehearts Pub 218 E Superior St, Alma, MI 48801
  • Pizzeria & Bar 205 E Superior St, Alma, MI 48801

Frequently Asked Questions

What type of property is this?
Bar & Pub - Fully equipped bar featuring refreshed seating, an entertainment area, and on-site parking.
Where is this bar & pub located?
The property is located at 308 N State Street Alma, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,220‑square‑foot bar property on a 0.09‑acre parcel; Fully equipped bar included with the operation; Updated seating area and entertainment space
More about this property
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