Property profile

6449 M-65 Lachine, MI 49753

OFF-MARKET
Retail properties & Spaces
4,100 SF 1.6 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This established, profitable bar and restaurant, Pappy's Pub, is located at 6449 M-65 in Lachine, Michigan (Alpena County, zip code 49753). The 4,100 square foot property sits on a 1.6-acre lot and is priced at $395,000 ($96.34/sq ft). The building, a Class B retail space, underwent renovations in 2019 and boasts a charming exterior with outdoor seating. The interior features a fully equipped commercial kitchen (including a pizza oven, line, upright freezer, and refrigerator), a lighted back bar, televisions, a coin-operated pool table, a wood-burning stove, and a dance floor. A Class C liquor license for Alpena County allows for on-site and to-go beer and wine sales. An attached two-bedroom residence offers additional living space for the owner or potential rental income. All furniture, fixtures, and equipment within the restaurant are included in the sale. The property is available for occupancy on August 27, 2024. Seller financing is available. This turnkey operation is ideally situated to serve the Greater Alpena area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,100 SF
Lot 1.6 ac (69,696 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6449 M-65 Lachine, MI 49753
Lachine metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6449 M-65?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message