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Established Bar and Restaurant
For Sale
$599,000

9289 Walta Street, Kaleva, MI 49645

Commercial Sale, Kaleva, MI

Property Size5,159 SF
Lot Size1.15 Acres
Price / SF$116.11
Days on Market90

Property Features for 9289 Walta Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Com
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Basement
Parking 30
Interior features Broadband
Elementary school district Kaleva-Norman-Dickso
Middle school district Kaleva-Norman-Dickso
High school district Kaleva-Norman-Dickso
Directions US 31 to 9 Mile, East on 9 Mile to Village of Kaleva, Left on Walta St
Standard status Active
APN 38-401-707-03
Size 5,159 SF
Lot size 1.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description VILLAGE OF KALEVA LOTS 29, 30 & 31. SALE(80) 8393 0889 (88) 3512 0114 (90) 2528 0282 (95) 4621 0433 (03) 3855 1585-1592
Tax Annual Amount 5668
Legal Description VILLAGE OF KALEVA LOTS 29, 30 & 31. SALE(80) 8393 0889 (88) 3512 0114 (90) 2528 0282 (95) 4621 0433 (03) 3855 1585-1592

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Forced Air
Cooling system Central Air

Amenities

pool tables
handicap accessible

Building Details

Year built 1950
Floors in Building 1
Number of units 1
Building materials Wood Siding, Brick
Roof type Composition
Listing Agency: Dwelling Realty - KW Northern Michigan
Listed By: Ryan Buzelli · License #6501449267
Added: Jun 29 Changed: Sep 16 Last Checked: Sep 26 at 6:06AM
MLS# 26032710

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.

Investment Insights

Based on property information with market context.

This established bar and restaurant occupies a 5,159-square-foot building on 1.15 acres, with a 1950 construction date and a dedicated parking parcel located across the street. The property includes a dining and bar operation, three pool tables, restrooms, handicap accessibility, and an outdoor courtyard suitable for customer seating and seasonal events.

Included operational assets consist of a Class C liquor license, dance license, Sunday sales authorization, outdoor sales authorization, and beer and wine carry-out sales. The commercial kitchen contains a walk-in cooler, pizza oven, flat-top grill, ovens, ice maker, and related fixtures and equipment. Building systems include forced-air heating, central air, a composition roof, wood siding and brick construction, septic service, cable availability, and broadband access.

Key Highlights

  • 5,159‑square‑foot bar and restaurant on 1.15 acres
  • Class C liquor license included with dance, Sunday, outdoor, and beer and wine carry‑out sales authorizations
  • Dedicated parking parcel located across the street from the main building

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.

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
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
Rey
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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 - Operating hospitality property with licensed bar service, commercial kitchen equipment, pool tables, and outdoor customer space.
Where is this bar & pub located?
The property is located at 9289 Walta Street 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‑square‑foot bar and restaurant on 1.15 acres; Class C liquor license included with dance, Sunday, outdoor, and beer and wine carry‑out sales authorizations; Dedicated parking parcel located across the street from the main building
More about this property
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