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    202 Main St Evart, MI 49631

    Sponsored
    For Sale
    $449,000

    Historic Mixed-Use Building, Turn-Key

    Property size:
    5,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Own this thriving, turn-key mixed-use building in Evart, Michigan. The "Sixth and Main" bar/restaurant and five-plus residential units are housed within a historic, 5,200 square foot building on a 0.42-acre lot at 202 N Main St, 49631. Built in 1883 and extensively renovated in 2018, this two-story property offers a unique investment opportunity. The main floor features a charming bar/restaurant with a large, refinished bar, high-top seating, multiple tables, and a modern commercial kitchen with ample storage. The space comfortably seats over 90 patrons and includes a separate office with a bathroom, potentially convertible into additional residential space. Upstairs, five bedrooms and four bathrooms, previously used as hotel rooms, present a significant opportunity for conversion into apartments or short-term rentals, with potential grant funding available to facilitate this. The sale includes all equipment and a Class C SDM Liquor license. Financial statements are available upon request with a signed non-disclosure agreement. This is the only establishment of its kind in Evart, offering a unique position in a growing market. The property's historic charm and modern updates combine to create a compelling investment opportunity.

    Property Features for 202 Main St

    General Information

    Property type
    Hospitality properties
    Square Feet
    5,200 SF
    Lot Size
    18,295 SF

    Building Details

    Year Built/Renovated
    1883/2018
    Stories
    2

    HighLights

    • Thriving mixed‑use building in Evart, MI, with a bar/restaurant and five+ residential units.
    • 5,200 SF building on a 0.42‑acre lot at 202 N Main St, 49631.
    • Historic building (1883), extensively renovated in 2018.
    • Main floor features a bar/restaurant seating over 90, with a commercial kitchen and office.
    • Upper floor has five bedrooms and four bathrooms, suitable for conversion to apartments or short‑term rentals.
    • Includes Class C SDM Liquor license and all equipment; financials available with NDA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sixth & Main Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Evart
    County
    Osceola
    State
    Michigan
    Longitude
    -85.2591365
    Latitude
    43.9020821

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    FAQs

    What type of property is this?
    Hospitality property - Historic Mixed-Use Building, Turn-Key
    Where is this hospitality property located?
    The property is located at 202 Main St Evart, MI.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Thriving mixed-use building in Evart, MI, with a bar/restaurant and five+ residential units.; 5,200 SF building on a 0.42-acre lot at 202 N Main St, 49631.; Historic building (1883), extensively renovated in 2018.
    (231) 714-4787
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    202 Main St Evart, MI 49631
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    Evart, MI 49631
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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
    202 Main St Evart, MI 49631
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