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    Bar and Grill with Turnkey Operations Title is generated by Realmo AI

    8773 N Golden Rod Boulevard, Bitely, MI 49309

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    Claim this Listing
    New
    For Sale
    $549,000

    COMMERCIAL - Bitely, MI

    Property size:
    3,657 SF
    Lot size:
    1.48 Acres
    Price / SF:
    $150/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 8773 N Golden Rod Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking
    35
    Standard status
    Active
    APN
    62-06-09-131-018
    Size
    3,657 SF
    Lot size
    1.48 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Long Legal Description. Inquire with LA to verify.
    Tax Annual Amount
    3240

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Gravity, Forced Air
    Water source
    Well, Private

    Building Details

    Year built
    2000
    Floors in Building
    1
    Number of units
    1
    Building materials
    Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Michaela Burman
    Michaela Burman

    Listing agent Michaela Burman License #6501402928

    Listing office RE/MAX TOGETHER 1411 N State St., Big Rapids, MI

    Listing date Jun 3, 2026

    MLS# 26026890

    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.

    HighLights

    • Woody's Bar & Grill established in 1945; currently operating 5 days per week (Wednesday through Sunday).
    • Sale includes four contiguous commercial parcels totaling approx. 1.48 acres, plus ample space for parking and outdoor activities.
    • Class C liquor license included with Sunday sales and entertainment permits.
    • Property and business assets included: fully equipped commercial kitchen, commercial pizza oven, walk‑in storage, and restaurant/bar equipment.
    • Additional included features: 3 smoker units, multiple outbuildings, and a 1‑bedroom, 1‑bath cabin behind the business.
    • Recent updates include new concrete pads, enhanced outdoor service areas, maintained kitchen equipment, and a brand‑new forced‑air heating system.

    Overview

    Woody’s Bar & Grill, established in 1945, is offered as a turnkey bar and grill with fully active operations Wednesday through Sunday. The sale includes four contiguous commercial parcels totaling approximately 1.48 acres, along with a commercial kitchen, a commercial pizza oven, walk-in storage, multiple outbuildings, and three smoker units. Additional included assets are extensive furniture, fixtures, and equipment, plus a one-bedroom, one-bath cabin located directly behind the business. Outdoor space is a key feature, supported by inviting outdoor seating and entertainment areas suitable for live music, community gatherings, and special events. Recent improvements include new concrete pads, enhanced outdoor service areas, maintained kitchen equipment, and a brand-new forced-air heating system.

    The property is located in Bitely, Michigan, and benefits from being near lakes, ORV and snowmobile trail systems, campgrounds, and extensive state land. The business draws from year-round local traffic as well as seasonal visitors, hunters, anglers, snowmobilers, and trail riders.

    For a hospitality operator or entrepreneur seeking an established, operating restaurant and bar concept, this offering provides both the business and the underlying commercial real estate. The sale also includes a Class C liquor license with Sunday sales and entertainment permits, supporting on-site food and beverage service with an included operations-ready package. Showings are by appointment only, and the ongoing business should be respected—please do not discuss the sale with employees or patrons.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Bitely
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.870377
    Latitude
    43.712344

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    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey bar and grill offering a fully equipped kitchen, outdoor seating, and included real estate and liquor license.
    Where is this conventional restaurant located?
    The property is located at 8773 N Golden Rod Boulevard Bitely, MI.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Woody's Bar & Grill established in 1945; currently operating 5 days per week (Wednesday through Sunday).; Sale includes four contiguous commercial parcels totaling approx. 1.48 acres, plus ample space for parking and outdoor activities.; Class C liquor license included with Sunday sales and entertainment permits.
    (231) 287-0888
    We can help!
    Listing Contact
    Michaela Burman
    Michaela Burman
    Real Estate License ID: 6501402928
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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