Property profile

12201 Albee Rd Burt, MI 48417

OFF-MARKET
Industrial properties
9,999 SF 5.38 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Industrial properties
Total area 9,999 SF
Lot 5.38 ac (234,353 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

12201 Albee Rd Burt, MI 48417
Burt metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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