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Turn-Key Bar and Pub with Courtyard
New
For Sale
$599,000

9289 Walta St, Kaleva, MI 49645

Established bar and pub with a liquor license, commercial kitchen, entertainment amenities, and dedicated parking across two parcels.

Property Size5,159 SF
Price / SF$116.11
Days on Market2

Property Features for 9289 Walta St

General Information

Standard status Active
Size 5,159 SF

Building Details

Year Built 1950
Listing Agency: Dwelling Realty - KW Northern Michigan
Listed By: Ryan Buzelli · License #6501449267
Source: Katie-k
Added: Sep 14 Last Checked: Sep 14 at 2:45PM

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 5,159-square-foot bar and pub was built in 1950 and is configured for ongoing food-and-beverage operations. The sale includes a Class C liquor license, dance license, Sunday sales, outdoor sales, and beer and wine carry-out sales. Interior improvements include a commercial kitchen with a walk-in cooler, pizza oven, flat-top grill, ovens, ice maker, and other fixtures, along with customer seating and three pool tables. The property is handicap accessible and includes restrooms.

The offering spans two parcels: the main building and a separate parking parcel across the street. A courtyard provides outdoor dining and event space. Recent property updates include a roof replacement within the last two years, a wood-look feature wall, new bar-top tables, an added pool table, and kitchen upgrades. The business is located at 9289 Walta St, Kaleva, MI 49645, and supplies pizza to events at Northern Michigan Dragway.

Key Highlights

  • 5,159 SF bar and pub building on two parcels
  • Class C liquor license with dance, Sunday sales, outdoor, and beer and wine carry‑out permissions
  • Commercial kitchen with walk‑in cooler, pizza oven, flat‑top grill, ovens, and ice maker

Property Analytics

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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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Kaleva Tavern 9289 Walta St, Kaleva, MI 49645

Frequently Asked Questions

What type of property is this?
Bar & Pub - Established bar and pub with a liquor license, commercial kitchen, entertainment amenities, and dedicated parking across two parcels.
Where is this bar & pub 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: 5,159 SF bar and pub building on two parcels; Class C liquor license with dance, Sunday sales, outdoor, and beer and wine carry‑out permissions; Commercial kitchen with walk‑in cooler, pizza oven, flat‑top grill, ovens, and ice maker
More about this property
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