Property summary
This exceptional turnkey opportunity presents a thriving bar and restaurant located at 12201 Albee in Burt, Michigan. The expansive 9,999 square foot building sits on a generous 5.38-acre lot and is fully operational, ready for immediate ownership. The property boasts a large banquet room, a fully equipped commercial kitchen, and ample space for various events and entertainment, including areas for cornhole, darts, and pool leagues. A Class C Liquor License is included, ensuring a seamless transition for the new owner. Significant recent upgrades enhance the property's value and operational efficiency. These improvements include a resealed and restriped parking lot (2023), a new hot water heater (2024), a recently installed bar air conditioning unit (2024), a walk-in cooler (2022), a walk-in freezer (2020), a two-door pizza prep station (2021), a two-door sandwich prep station (2024), an 18-inch char grill (2023), a Berg three-tap keg cooler (2022), a pull-tab machine (2019), and a cheese warmer dispenser (2023). Further enhancing the property's curb appeal, a new entry structure with exterior siding and metal accents has been added. Priced at $775,000, this is a rare opportunity to acquire an established and profitable business with significant recent investments.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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