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Turn-Key Restaurant and Bar
For Sale
$599,000

9289 Walta St, Kaleva, MI 49645

Turn-key restaurant and bar offering a full Class C liquor license and complete kitchen and seating for immediate operation.

Property SizeContact for details
Days on Market48

Property Features for 9289 Walta St

General Information

Standard status Active
Property subtype Commercial

Additional Details

Business Included Yes
Liquor License Yes

Taxes and HOA fees

Annual Taxes $5,668

Building Details

Year Built 1950
Units 1
Listing Agency: Dwelling Realty - KW Northern Michigan
Listed By: Ryan Buzelli
Source: Elliman
Added: Jul 4 Changed: Aug 8 Last Checked: Aug 20 at 11:57AM

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 Dwelling Realty - KW Northern Michigan

Investment Insights

Based on property information with market context.

This turn-key Kaleva bar and restaurant package is set up for immediate operation and includes a full Class C liquor license. The offering features a complete commercial kitchen with a walk-in cooler, pizza oven, flat-top grill, ovens, ice maker, and multiple beer taps, along with all seating and bar furnishings. Entertainment amenities include three pool tables, with a third pool table added, plus two pool tables referenced in the included inventory. The property also provides handicap accessibility, restrooms, and an outdoor courtyard suited to outdoor dining and summer events. Recent improvements include a roof replacement within the last two years and a newly installed feature wall with wood-look planks, along with fresh bar top tables.

The operation is located along a snowmobile track in Manistee County and is positioned to serve attendees tied to nearby Northern Michigan Dragway events. The seller also notes weekly pool and Euchre nights. The property consists of two separate parcels: the main building and a dedicated parking area across the street.

For buyers seeking a fully equipped restaurant and bar with a liquor license already included, this is a practical turnkey setup with documented equipment, seating, and licenses. Seller assistance for training new ownership is available, and showings are scheduled before or after operational hours, Monday through Saturday from 11am to 10pm.

Key Highlights

  • Turn‑key Kaleva bar & restaurant with full Class C liquor license included
  • Restaurant setup includes walk‑in cooler, pizza oven, flat‑top grill, ovens, and ice maker
  • Bar equipment: 6 taps plus seating and outdoor beer/wine carry out sales

Property Analytics

Current Use

Kaleva Tavern Bar & Pub

Suggested Use

Top Pick Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Barber Shop Pet Grooming Service

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
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

68
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49645, MI

1,742
Population
1,117
Households
1.6
Avg Household Size
48
Median Age
14%
College-Educated
87%
High-School Grad
44.3 sq mi
ZIP Area
39
Density / Sq Mi
$45,000
Median Household Income
$28,269
Median Earnings
$948
Median Rent
$129,300
Median Home Value

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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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turn-key restaurant and bar offering a full Class C liquor license and complete kitchen and seating for immediate operation.
Where is this conventional restaurant located?
The property is located at 9289 Walta St Kaleva, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Turn‑key Kaleva bar & restaurant with full Class C liquor license included; Restaurant setup includes walk‑in cooler, pizza oven, flat‑top grill, ovens, and ice maker; Bar equipment: 6 taps plus seating and outdoor beer/wine carry out sales
More about this property
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