Waterfront Tavern &
600 Fishermans Road St Joseph, MI 49085
New
For Sale
$2,250,000
Operational waterfront tavern with indoor dining, outdoor seating overlooking the St. Joseph River, and liquor license included.
Days on Market3
Property Features for 600 Fishermans Road
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Realty Executives Instant Equity
(269) 208-8996
Listed By:
Jill Golden · License #6501424803
(269) 208-8996
Source:
Eliterealtymi
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 12:51PM
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 Realty Executives Instant Equity
Investment Insights
Based on property information with market context.
This waterfront tavern and restaurant includes a full-service restaurant and bar with both interior dining and outdoor seating overlooking the St. Joseph River. The property also features a premium cigar bar and a dedicated smoking room.
The sale includes the real estate, the building, and the liquor license. In addition, six private boat slips are included, supporting on-water use during peak boating season.
For those looking to assume immediate operations, the business and equipment can be purchased for $250,000.
The sale includes the real estate, the building, and the liquor license. In addition, six private boat slips are included, supporting on-water use during peak boating season.
For those looking to assume immediate operations, the business and equipment can be purchased for $250,000.
Key Highlights
- Operational full‑service restaurant and bar with interior dining and outdoor seating overlooking the St. Joseph River
- Liquor license included in the sale
- Premium cigar bar with a dedicated smoking room
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 | $92.9k | $15.48 |
| − Vacancy | −$3.9k | −$0.65 |
| EGI | $89.0k | $14.83 |
| − OpEx | −$22.2k | −$3.71 |
| NOI | $66.7k | $11.12 |
6,000 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$953.3K
$834.2K – $1.11M
NOI $66,734 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,379 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operational waterfront tavern with indoor dining, outdoor seating overlooking the St. Joseph River, and liquor license included.
Where is this conventional restaurant located?
The property is located at 600 Fishermans Road St Joseph, MI.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Operational full‑service restaurant and bar with interior dining and outdoor seating overlooking the St. Joseph River; Liquor license included in the sale; Premium cigar bar with a dedicated smoking room
