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    28826 Raber Rd Goetzville, MI 49736

    Sponsored
    For Sale
    $325,000

    Turnkey Restaurant, Bar & Rental Home

    Property size:
    2,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Goetzville, Michigan, presents a unique investment opportunity. Established in 1931, the Raber Bay Bar 'N' Family Restaurant boasts a rich history and loyal clientele. The 2,742 square foot property includes three buildings situated on a 0.74-acre lot with commercial zoning. The main building houses the well-established restaurant and bar, complete with all necessary equipment and a Class C liquor license. Adding to the income potential is a two-bedroom mobile home with a garage, currently used as a rental unit. The property's prime location near the St. Marys River and Raber Bay Boat Launch ensures consistent traffic from locals and tourists throughout the year, benefiting from recreational activities such as boating, fishing, and snowmobiling. Located just 40 miles from the Mackinac Bridge, this turnkey business offers a rare chance to acquire a thriving establishment with significant growth potential. The asking price is $325,000, translating to $118.53 per square foot. This is a private owner sale.

    Property Features for 28826 Raber Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,742 SF
    Lot Size
    32,234 SF

    Building Details

    Buildings
    3
    Stories
    1

    HighLights

    • $325,000 asking price for a mixed‑use property.
    • 2,742 square feet on a 0.74‑acre lot.
    • Three buildings, one story each, with commercial zoning.
    • Includes a restaurant, bar, and a 2‑bedroom mobile home with garage.
    • Established business with a Class C liquor license, located 40 miles from the Mackinac Bridge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Raber Bay Bar ... Bar & Grill

    Suggested Use

    Hotel & Motel Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goetzville
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.0715051
    Latitude
    46.0895522

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey Restaurant, Bar & Rental Home
    Where is this mixed-use property located?
    The property is located at 28826 Raber Rd Goetzville, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price for a mixed-use property.; 2,742 square feet on a 0.74-acre lot.; Three buildings, one story each, with commercial zoning.
    (231) 342-8456
    Request Owner's contact information
    28826 Raber Rd Goetzville, MI 49736
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    Goetzville, MI 49736
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    28826 Raber Rd Goetzville, MI 49736
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